109 - 111 Fergusson Street, Feilding, Manawatu

Cheaper than a House

• Prime location and beautifully presented
• Two new leases with built in growth
• Refurbished to a high standard and well maintained
• Returning a net holding income of $26,468.41 + GST
• Great entry level price range - a generous yield is expected

In the heart of New Zealand's "most beautiful town," this property provides a fully tenanted low maintenance investment.
Both tenants are well established in the local community and have new three-year lease terms as at July, 2021.
This commitment has been met with investment from the Landlord, resulting in a tailored fit-out throughout.

This property offers itself as both a bottom-drawer investment with built in rental growth. The Vendors are totally committed to a result on Auction day, so be in if you are looking for a little honey with a nice return.

An affordable investment with a high yield.

Property Details

Land area: 185 square metres (more or less)
Floor area: 170 square Metres (more or less)
Zoning: Commercial Zone A


Tenancy Details
Name of Tenant: Forbidden Tattoos
Commencement date: 5 July, 2021
Lease Term: Three (3) years
Net Rental: $15,860 + GST


Name of Tenant: Fusion Hair Design (2011) Limited
Commencement date: 5 July, 2021
Lease Term: Three (3) years
Net Rental: $17,940 + GST