Colliers are proud to exclusively market for Sale, 273C West Coast Rd, Glen Eden – A high profile industrial investment, part way through a long term lease, located in a highly exposed position on Glen Eden’s main arterial road.
Returning $123,292 pa net, the high stud (5-5.9m) premises is occupied by a “household name” gym owner, David Letele, trading as BBM Ultimate Fitness.
The bankable lease runs through till a renewal in 14 June 2034, & provides three further 5 year renewals. Market reviews are spread 3 yearly throughout the lease.
This functional investment benefits from a strong street presence, a high warehouse ratio (71.6%), ample onsite parking & is constructed mainly from tilt-slab concrete.
The attractive asset has a total lettable area of 613.8 sqm with 13 designated carparks accessed by a dual entry site.
Vendor advises, present all offers!
Phone the sole agents today to register your interest.
Matt Prentice 021 464 904, Shoneet Chand 021 400 765 and Nelson Raines 021 555 673
Features:
- Returning $123,292 pa net
- Long term lease
- Next renewal 14 June 2034
- Total gross rentable area 613.8 sqm
- 13 carparks
- 3 yearly market reviews
- High profile position
More information: https://www.colliers.co.nz/p-NZL67038252
