This high yielding investment with fantastic exposure on Broadway, Newmarket is underpinned by a five-year lease to Seedling and a strong rental return of $150,000 net per annum plus GST and outgoings.
Key Investment Highlights
$150,000 net rental income per annum + GST and outgoings
Five-year lease providing long-term income security
Tenant: Seedling
Rental growth: Fixed 2% annual increases
Market rent reviews every three years
Rights of renewal: Two further five-year terms
Security: Six-month bank guarantee plus directors’ personal guarantee
Sale and leaseback structure providing an established tenancy from settlement
Combining attractive holding income, contractual rental growth and additional security provisions, this is an appealing opportunity for investors seeking a quality commercial investment with long-term income potential.
Call sole agents today for more information.
More information: https://www.colliers.co.nz/p-NZL67043215
