NEW 10 YEAR LEASE - GUARANTEED RENT GROWTH

68, Mill Road, Coastlands, Whakatane

$3,750,000

Proposed Usage
Industrial
Floor Area
2309.00 m²
Land Area
16766.00 m²
Description:
Property ID
1bqxq0p



This substantial industrial property ticks plenty of boxes in terms of quality commercial investments. The tenant, East Coast Heavy Diesel & Machinery Limited have just signed a 10 year lease with 2 x 5 year rights of renewal and annual CPI + 1% growth. A brand new building, completed in 2015 has allowed the tenant to expand their successful business. The property comprises approx. 2,309m² of industrial buildings and 16,766m² of freehold industrial land with lots of room for further expansion.

 

For sale by Asking Price $3,750,000 + GST (if any)

Enquire about this property

Coastlands Area