A fantastic opportunity to purchase a lease hold investment in the heart of the Mount industrial market.

This property is leased on a new 3 year lease with ROR,  showing a net rental after ground lease costs of $36,500 + GST + Opex.

The building is located in the popular Lambert industrial park a very central Mount location and offers a high stud warehouse with ground floor reception and first level offices.

A investment priced below replacement value. The ground rental is 20 year perpetually renewable terms.

Features:

• Leasehold Investment Ground rental $13,500 (subject to land rent reviews)
• 7% return net Rental income $36,500
• Total Building area 317sqm
• Modern warehouse and office
• 4 exclusive carparks and short term visitor carparks
• Price $521,428 + GST (if any)
• 3 Year lease + ROR from July 2024

More information: https://www.colliers.co.nz/p-NZL67032449