Premium investment with national tenant


197 Queen Street, Richmond

By Negotiation

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Premium investment with national tenant | 197 Queen Street, Richmond | 4004095 |      X Close
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Premium investment with national tenant


The land and building housing a regional branch of one of New Zealand's biggest homewares and furnishing stores is on the market for sale.

The 845-square metre single-storey Smiths City building sits on some 1,024-square metres of land with wide frontage to Queen Street, rear access for deliveries from John Wesley Lane and is located directly across the road from the popular Richmond Mall.

Smiths City Richmond has signed a new six-year lease (from June 2022) for the Queen Street premises, running through to 2028 with two further four-year rights of renewal, and generating a net rental income of $165,800 per annum.

• Net rental $165,800pa

•Prime main street location directly across from Richmond Mall

•National tenant with brand new six year lease from June 2022

•Low maintenance single story commercial building recently strengthened in 2020

•Extensive glass frontage with great profile and exposure to the main road

• Rear access with high stud roller door

For sale - Price by Negotiation

Paul Vining

Nelson

Licensed under the REA Act 2008

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Gill Ireland

Nelson

Licensed under the REA Act 2008

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197 Queen Street, Richmond

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Paul Vining

Nelson

Licensed under the REA Act 2008

View profile

Gill Ireland

Nelson

Licensed under the REA Act 2008

View profile