The property represents excellent value for money in Cromwell's industrial precinct with holding income. With Cromwell quickly cementing its reputation as a service hub for the wider Queenstown Lakes and Central Otago region, this site offers future development potential for numerous industrial or owner-occupier uses.
Located centrally within the Industrial Resource Area, the site benefits from a regular shape and a total area of 1,978 sqm. Fully fenced, gravelled and level.
The property has a new two year lease with further rights of renewal. The lease also provides the landlord with a right to terminate the lease following the sale of the property , subject to the terms and conditions of the lease.
Titled industrial lots in Cromwell are in short supply, providing an opportunity to deliver modern industrial building solutions.
Cromwell continues to build on its reputation as the servicing hub for the wider Lakes District/Central Otago region. This lot provides the opportunity to benefit from that in the future.
Features:
- Site offers numerous future development opportunities
- Regular shaped, level and fully fenced site with a gravel finish
- Good holding income from a national tenant
- Land area 1,978sqm (approx.)
For more information and to arrange an inspection, please contact Sole Agent, Geoff McElrea.
For sale $1,030,000 plus GST.
Boundary lines are indicative only.
