Long term lease, built-in rental growth


500 Thames Highway, Oamaru North

Private Treaty

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Long term lease, built-in rental growth | 500 Thames Highway, Oamaru North | 4600760 |      X Close
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Description

Long term lease, built-in rental growth


The land and buildings housing one of Otago's best known family entertainment and hospitality hubs boasts a long list of positive attributes likely to inspire a broad audience. Offering 1,538sqm of well-presented restaurant, bar, gaming room, ten pin bowling alley, combat laser tag arena, and on-site car parking with dual access. The Galleon Family Complex is prominently located on State Highway 1.

Key features:

• Prime location on State Highway 1

• Six-year lease to Morris Investments (long-term tenant)

• Annual CPI rental reviews

• Bankable investment with future upside

• Excellent on-site parking with dual access

Tenancy Details

Six (6) year lease returning $176,094.15pa + GST and outgoings. There is also an Agreement for Hire of Chattels: $15,000pa + GST. Full tenancy details are available upon request.

Call now for further details and viewing arrangements.

Agent details:

Muir Gold

027 433 6989

Kurt Snook

027 256 0449

500 Thames Highway, Oamaru North

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