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Upsize your portfolio – New 10-year lease

320 Gladstone Road, Gisborne

Commercial Land
dollar

Tender

Floor area
250m2
Land area
2023m2
Title type
Freehold
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Tender

Thursday
4:00pm
30
Oct

Map

Property details

Listing # 1699947 | Listed on 25 September
  • Established retail investment with new 10-year lease to Restaurant Brands
  • Returning $139,000pa + GST with fixed growth throughout the lease
  • High-profile location in heart of Gisborne town centre
  • Modern building with bankable seismic rating (100% NBS)

The hands-off investment you have been searching for. This modern retail investment provides an attractive combo of long-term lease, strong tenant covenant and high-profile central city position. The property benefits from a brand new 10-year lease to Restaurant Brands, owner of 381 KFC, Taco Bell, Carl's Jr and Pizza Hut stores throughout New Zealand, Australia and the USA.

Underpinned by a high profile 2,023sqm (more or less) freehold land holding in the heart of Gisborne Town Centre, the property offers excellent exposure to passing traffic flows and is surrounded by a combination of national retailers and established residential catchment.

A rare opportunity to purchase a modern asset with a strong tenant covenant. Call now to place your order.

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