9% return – 10-year lease – fixed annual increases

7 Main North Road offers an excellent opportunity for astute investors to acquire a proven industrial freehold investment in the heart of the South Waikato District. This substantial manufacturing and distribution facility is offered to the market with a new 10 year lease with fixed income growth leased to Giltrap Ag who have been manufacturing and innovating top quality machinery within the areas for more than 65 years.

The property boasts 5,675m2 of manufacturing, warehousing and office space all located on a land area of some 2.0588ha of freehold land providing a mix of vehicle parking, truck access and yard space with two road access points with occupancy costs sustainably lower than most urban industrial locations.

Features:

• Total land area of 2.0588 hectares
• Total floor area of 5,675 square metres
• 10 Year lease returning $410,000 p.a
• Fixed annual increases with 5 year market reviews
• Established tenant with 65 year trading history
• Asking price $4,555,555 plus GST (if any)

More information: https://www.colliers.co.nz/p-NZL67042996