High yield - tenanted investment


500 Thames Highway, Oamaru North

Asking Price NZD $2,480,000 + GST (if any)

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High yield - tenanted investment | 500 Thames Highway, Oamaru North | 4600760 |      X Close
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Description

High yield - tenanted investment


The land and buildings housing one of Otago's best-known family entertainment and hospitality hubs boast a long list of positive attributes likely to inspire a broad audience. Offering 1,538sqm of a well-presented restaurant, bar, gaming room, ten pin bowling alley, combat laser tag arena, and on-site car parking with dual access. This is a truly unique opportunity to secure a prominent, 4,164sqm corner site in Oamaru. 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

• Yield 7.20% Net

• Excellent on-site parking with dual access

Tenancy Details

Six (6) year lease returning $178,559.46pa + GST and outgoings. 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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