88 Mowbray Street, Waltham, Christchurch

Big Investment Opportunity

- 6,897sqm building area
- 8,090sqm B3 and B3B zoned land
- $522,720.60 net current rent roll
- 70% NBS
- Full DEE report, BWOF and Compliance schedules available
- Insurance policy, OPEX and current leases available
- Sought after central location for major suppliers
- Quality tenants with next lease renewal in 2020
- Road frontage on to Shakespeare Road and Mowbray Street

Current Tenants
Fletcher Building Products Ltd
4,872sqm Occupied
$380,000pa Net Current Rental
Commenced 18/09/2012
8 Year Initial Term, 2 x 8 year ROR
Final Expiry 17/09/2036 with all ROR taken
Harvey Norman Leasing (NZ) LTD
2,025sqm Occupied
$140,796pa Net, subject to CPI review on 19/12/2013
Commenced 19/12/2012
10 Year Initial Term, 3 x 6year ROR
Final Expiry 18/12/2040 with all ROR taken

Here stands a fantastic opportunity for a prudent investor to capture a quality industrial building which houses two major national operators with longstanding leases.

Contact us today for further information.