1 Connell Terrace, Wanaka, Wanaka

Wanaka industrial investment

1 Connell Terrace presents the opportunity to secure a prime investment in the tightly held Wanaka industrial precinct.
The property comprises of a 1030sqm (more or less) freehold corner site with a modern building that has a 405sqm ground floor workshop and offices plus a first-floor apartment.
Purpose built for the tenants business, the current lease term has two years to run with a further 2 renewals of five years.
Wanaka and surrounds continues to be relentless in growth putting strain on the current supply of industrial land and buildings, ensuring good growth for the astute investor moving forward.
Freehold investments of this nature are very rarely offered to the market so do not miss the opportunity to secure this prime position.

Land area: 1030sqm (more or less)
Floor area : 485sqm (approximately)
Zoning: Industrial (7D)

Tenancy Details : Currently returning circa $90,000 pa . Full tenancy details are available on request