Investment Plus More

134, Manawapou Road, Hawera, South Taranaki

$2,650,000

Proposed Usage
Development Site
Floor Area
2463.00 m²
Description:
Property ID
168qnxj

Asking price plus GST (if any).
Situated at 134 Manawapou Road is a large modern warehouse with amenities.

The building comprises a single span high stud modern warehouse of approx 1995m2 which are more than adequately serviced by approx 468m2 of up market offices and amenities.

The total property on offer is approx 3.7649ha of which the tenant has exclusive rights to use approx 6943m2 with an option on a further 1971m2 more or less.

This leaves approximately 28735m2 on which you could possibly:
(a) graze animals
(b) erect a home and graze animals
(c) develop further light commercial
(d) develop a residential subdivision

All the time while enjoying the income from the current tenant.

The initial lease runs for 5 years (commencing 1/8/14) with two rights of renewal of three years. The initial rent of $282,100 is reviewed to market every three years with the tenant paying 92% of rates and 100% of all other outgoings.

Viewing by appointment only.

For Sale $2,650,000.00 + GST (if any).

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Hawera Area