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Cambridge

56 Duke Street, Cambridge, Waipa

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668sqm Floor area
1,266sqm Land area SQM

Asking Price NZ$1,750,000 + GST

 (if any)

First-class site and tenant


• Well established tenant returning $107,000pa + GST
• Large high profile 1,266sqm (more or less) site
• Seismic 67%+ NBS
• 668sqm (approx.) net lettable area

This extremely desirable investment in the heart of the Cambridge retail and service hub enjoys high exposure to vehicle and foot traffic. The large, modernised retail building on approximately 1,266sqm (more or less) has a loading ramp and rear access with significant parking, adding substantial value for the current tenant, The Warehouse Ltd, T/A Noel Leeming Ltd.

A NBS 67%+ rating and an annual return of $107,000pa + GST, this building's size, 575sqm (approx.) and strategic commercial location will always appeal to large tenants and ensures a great asset for wealth generation.

This is a rare opportunity to secure a building occupied by an exceptional tenant with an excellent reputation on a new four-year plus one further ROR of four years. Cambridge is the growth centre of Waipa and this building is in the very centre of commercial and retail life.

Call Willem now for a copy of the Information Memorandum

Willem Brown

Willem Brown


Success Realty Ltd, Bayleys,
Licensed under the REA Act 2008
David Cashmore

David Cashmore


Success Realty Ltd, Bayleys,
Licensed under the REA Act 2008

Features

Land area


large high profile 1,266sqm (more or less) site

Occupancy


occupied by a well established tenant returning $107,000pa + GST

Opportunity


668sqm (approx.) net lettable area

Seismic (NBS rating)


rating of 67%+ NBS