Presenting a high quality, split risk investment underpinned by long term leases to three quality tenants in a sought-after location in the centre of Hawera's CBD. The 877 sqm site was developed in 1998 with a single-storied building assessed with a 95%NBS seismic rating.
The investment is anchored by the Ministry of Social Development making up approximately 75% of the building, accompanied by a new 7 year lease to a laundromat and a recently renewed 8 year lease to established Café operator with a net annual rental of $127,763.50 plus GST.
Benefitting from three wide frontages adjoining the Woolworths Supermarket and expansive car parking area.
Being sold by negotiation
For more information or to arrange an inspection contact:
Benet Carroll
+64 210 289 4537
benet.carroll@collierswgtn.co.nz
Please note: all floor areas are approximated only.
Features:
- 100% leased to three quality tenants
- Anchored by Ministry of Social Development
- 95% NBS Seismic Rating
- Site Area: 877 sqm
- NLA: 877 sqm
- Net Rental: $127,763.50 + GST p.a.
- Prime CBD location - adjoining supermarket car park
More information: https://www.colliers.co.nz/p-NZL67039941
