Two buildings, 14 and 16 Bandon Street, featuring a single tenant, with one new five (5) year lease across both buildings. The established tenant is part of an Australasian brand, and currently pay a market rental of $99,000p.a net, with annual CPI reviews and market on renewal.
Each building has its own amenities, meaning if needed, a future conversion back to 2 separate buildings helps to future proof this very passive investment.
All this in a very central location, minutes to the CBD, and north and south access via Greenwood Street.
Contact sole agents Justin Wang or David Palmer for an information memorandum.
Features:
- Two (2) freehold titles
- Returning $99,000pa net
- Five (5) year term plus ROR's
- 60% and 90% NBS
- Onsite parking
More information: https://www.colliers.co.nz/p-NZL67038561
