On offer is a high-profile investment in excellent condition that has been refurbished to a high standard and accommodate two road frontage office tenancies. Income is provided from Quinovic, Yo Yoga, and Lacquerland who occupies the workshop. With recent rental reviews and renewals completed, net rental sits at $65,000 pa + GST and OPEX. Lot 1, 810 Karamu Road has recently been seismically assessed at 50% NBS in transverse direction and 70% NBS in longitudinal direction.
This property is in an enviable position with low vacancy rates and exceptional company. Havelock North is nearby, as are businesses such as: J.R Russell, Fourth Element, Turfrey, Jacksons Flooring, Mitre10 Mega, Warehouse, Rebel Sports. Along with several car sale yards such as: Mitsubishi, BMW and Kia, along with many more trade retail and retailers.
Ideally suited for investors plus owner occupiers and developers with an eye for the future. With the flexible zoning being commercial services, allowing for a wide range of activities, including residential activities.
Contact Rob for further details now on 027 228 5291.
Features:
- High profile position on Karamu
- Nine on-site car parks
- Renovated to a high standard
- Fully tenanted
- Zoned Commercial Services
More information: https://www.colliers.co.nz/p-NZL67023591
