Industrial investment - national tenant

Appealing price adjustment to meet the market

$999,000 plus gst (subject to final survey)

•Leased to an established business returning $66,000 GST + outgoings
•Functional industrial building suitable for a variety of uses
•Desirable location with huge exposure
•Large freehold site
Positioned in a high-profile location, this is a rare opportunity for investors to secure an affordable industrial investment that is underpinned by an established national tenant. The building comprises a total floor area of 230sqm (more or less) of predominately high stud warehouse accessed via multiple roller doors. Additionally, the tenants benefits from the ample onsite parking and excellent visibility onto Hokonui Drive. Leased to Smith and Smith Glass, the property currently leased on a three year lease term (3+3+3) returning an annual net income of $66,000 + GST + outgoings. This is an desirable opportunity for astute purchasers looking to secure a fundamentally strong investment property in an excellent location, all investors should consider.
Further opportunity to expand here (subject to final subdivision).