After 20 years of outstanding returns our vendors are moving on to new ventures and have advised us that this stand out investment is available for sale with an asking price of $4,200,000 plus GST (if any) which represents a sale yield exceeding 8%.
This property generates an estimated net income of $343,777 and is secured by a national brand and two established local tenants, offering stable returns.
The building has a seismic rating of 70% NBS* and has outstanding exposure to The Square with prime visibility to The Plaza.
This fully leased investment provides a balanced risk profile with diverse tenant occupancy so contact the Colliers team today for further information.
(Note. Floor and land areas are indicative only. *PS4 dated 30 July 2018, prepared by Silvester Clark Limited).
Features:
- Land area 1,006sqm (more or less)
- Floor area 971sqm (more or less)
- Inner Business zoning
More information: https://www.colliers.co.nz/p-NZL67030891
