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Gore

2 Avon Street, Gore, Gore

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506sqm Land area SQM
230sqm Floor area
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Industrial investment - national tenant


•Leased to an established business returning $66,000 GST + outgoings
•Functional industrial building suitable for a variety of uses
•Desirable location with huge exposure
•Large freehold site totalling 1,093sqm (more or less)

Positioned in a high-profile location, this is a rare opportunity for investors to secure an affordable industrial investment that is underpinned by an established national tenant. The building comprises a total floor area of 230sqm (more or less) of predominately high stud warehouse accessed via multiple roller doors. Additionally, the tenants benefits from the ample onsite parking and excellent visibility onto Hokonui Drive. Leased to Smith and Smith Glass, the property currently leased on a three year lease term (3+3+3) returning an annual net income of $66,000 + GST + outgoings. This is an desirable opportunity for astute purchasers looking to secure a fundamentally strong investment property in an excellent location, all investors should consider.

Asking Price NZ$1,300,000 + GST (if any)
Julie Mitchell

Julie Mitchell

Residential and Lifestyle Sales

Southern NZ Real Estate Brokers Ltd, Bayleys,
Licensed under the REA Act 2008

Features

Location


Desirable location with huge exposure

Lease


Leased to an established business

Multi-use


Functional industrial building suitable for a variety of uses

Land area breakdown


Large freehold site totalling 1,093sqm

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