High profile Tasman investment


104 and 108 High Street, Motueka

Tender

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High profile Tasman investment | 104 and 108 High Street, Motueka | 4002228 |      X Close
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High profile Tasman investment


Bayleys Real Estate are delighted to offer four quality commercial investment properties available for purchase collectively or individually. Each of the properties present highly desirable investment opportunities, combining high profile locations, long term leases and quality building standard.

104 and 108 High Street, Motueka - offers 6,340m² of leasehold land housing a Countdown supermarket in a 2,957m² building. The building is also tenanted by oral healthcare facility Motueka Dental Centre. Occupying most of the site, Countdown is currently on a lease running through to 2026, with two further 10-year rights of renewal. Meanwhile, Motueka Dental Centre is currently on a lease running through to 2023. Both tenancies generate a combined net annual rental of $404,862.61, and provide for two-yearly rent reviews.

• Leased to The General Distributors Limited and Motueka Dental Centre Limited

• $404,862.61 net annual income

• Modern high profile supermarket

• Multiple access points and large car park

• Located in central Motueka on State Highway 60

• Redeveloped building in 2011

• Properties maintained by Countdown and Gibbons Property Management

For Sale by Tender (unless sold prior), closing 4pm, Tuesday 12th March 2019, at Bayleys House, 30 Gaunt Street, Auckland Central, and 288 Trafalgar Street, Nelson.

For further information please visit- www.gibbons2019.co.nz

104 and 108 High Street, Motueka

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