Modern Freehold Commercial Investment 9.75% yield

11 and 19, Glenelg Street, Bradford, Dunedin

Price On Application

Proposed Usage
Industrial
Floor Area
2339.00 m²
Land Area
4187.00 m²
Description:
Property ID
1bppq9x

Commercial investment opportunity over two freehold titles, on total land area of 4,187m2 with a modern building (footprint) of 2,095 m2 and sealed yard of 1,285m2. Secure long term single tenant on a 6 year lease with a further 6 year right of renewal returning $191,921 net rental income per annum. Tenant has been in place since 2010, with a new lease signed in 2013, guaranteed by parent company. Located in Dunedin's popular industrial area in Kaikorai Valley and close to Dunedin's CBD and motorways. Sealed yard adjacent to building of 807m2, with parking for up to 38 cars. Zoned Industrial. Asking price $1,975,000 firm. Call or email now for more information..

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Bradford Area