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Bay of Plenty
- 356mm² commercial building located on a stratum in freehold title
- Popular city fringe commercial zone that allows for multiple future use options
- Established tenant Speed factor providing annual net rental of $38,680.09 + GST + Outgoings
- Current three-year lease term plus further ROR, with final expiry October 2023
- Primed for future redevelopment, this tightly held precinct offers massive potential for service and trade related businesses
- Upside for rental growth with next review due November 2020
Standing proudly on the majority of its site, this building provides a mix of warehouse with mezzanine storage, office and showroom areas that have evolved over the years to accommodate the tenants expanding growth. The property allows for parking at front of the premise as well as access to the western end of the warehouse via a rear service lane.
Location plus potential here equals an outstanding opportunity for astute investors and potential owner occupiers alike
Early registration recommended as this offering will be in strong demand.