Automatic rent growth


30 Victoria Street, Petone

Auction

Download Email
Automatic rent growth | 30 Victoria Street, Petone | 3253211 |      X Close
Image
Description

Automatic rent growth


Opposite McDonalds, Petone, just off the Esplanade, this high stud building comprises a mix of showroom and office, a substantial warehouse and specialised training facility to the rear.

Tastefully refurbished and repurposed in 2011, the property is a fit for purpose investment in an indisputably popular location.

The tenant has a new four-year lease with an automatic rent increase of $15,600pa in August 2021.

With close to a nil return on your money in the bank, this is a great opportunity to put that cash to work, perhaps even a chance to leverage you return?

To obtain copies of all supplementary documents please register your details at https://www.propertyfiles.co.nz/property/30victoriastreet

• New four-year lease

• Long established tenant

• Corner site in a high growth location

• Current net rental $103,401pa net + GST