Edgecumbe
4 Ngaio Place, Edgecumbe, Whakatane
Auction
(unless sold prior)
Industrial cash cow with options
A rare opportunity to secure a prime industrial property in the heart of this thriving locale. The property comprises 420sqm (more or less) of functional workshop and storage space on a 1,047sqm (more or less) freehold site.
Offering a spacious and versatile layout, allowing for various industrial operations. With ample space for equipment, machinery, and inventory, with the ability to tailor the space to suit your specific requirements.
Currently leased to six tenants, with an additional two containers occupied as storage. This unique setup provides a passing rental income of $71,760 (including GST) per annum, making this property an attractive investment opportunity.
Whether you are an owner-occupier looking for a strategic base for your operations or a savvy commercial investor seeking to expand your portfolio, this entry-level opportunity offers immense potential and value. The location's proximity to key infrastructure and amenities enhances its desirability, making it a compelling choice for those looking to establish or grow their presence in the area.
Don't miss out on the chance to secure this versatile industrial property. Take the next step towards enhancing your business operations or investment portfolio.
** The property is to be sold inclusive of GST **
Larissa Reid
Success Realty Ltd, Bayleys,
Licensed under the REA Act 2008
Features
Opportunity
A prime industrial property boasting a substantial 420sqm (more or less) workshop, split into six tenancies, additional two storage containers on a 1,047sqm (more or less) freehold site
Floor area details
Offering a spacious and versatile layout, allowing for various industrial operations and the ability to be able to tailor the space to suit your specific requirements
Occupancy
Main building occupied by six separate tenants on month by month agreements, with a further two tenants occupying storage containers
Passing income
This unique setup provides a passing rental income of $71,760 per annum (inclusive of GST)
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