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Investment With Options

6A - 12 Rintoul Street, Westport

Commercial Land
dollar

$900,000 Plus GST (if any)

Floor area
777m2
Land area
1656m2
Title type
Freehold
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Property details

Listing # WEC209598 | Listed on 1 August

This exceptional commercial property presents a compelling investment opportunity on a prime 1,656m² freehold site in commercial zoning. The portfolio comprises four well-maintained buildings totaling 770m² of lettable space, anchored by quality tenants including New Zealand Post, ensuring reliable income streams.
The standout feature is a brand-new 250m² warehouse building with high roller door access, offering excellent flexibility for subdivision into multiple tenancy bays. This modern facility, combined with the property's excellent presentation and strategic location, creates significant appeal for both investors and owner-occupiers.
The investment strategy is particularly attractive, with strong prospective tenant interest already identified for the new warehouse. This allows investors the flexibility to either maximise rental returns across all buildings or occupy the new facility whilst allowing existing tenant income to service mortgage obligations—a sound business proposition that enhances both cash flow and operational efficiency.
Fully tenanted provides a robust 10% return. The diverse tenant mix and quality infrastructure provide excellent foundations for long-term income stability.
A comprehensive information pack is available upon request for serious enquiries.

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