High Yielding Investment
62-68, Austin Street, Onekawa, Napier
Price On Application
- Proposed Usage
- Floor Area
- 990.00 m²
- Property ID
This multi tenanted investment property has all the boxes ticked. With four well established businesses with a range of services offered, providing diversity for the prudent investor. Good current lease terms with a WALT of 2.5 years.
Located on Onekawa Industrial areas main arterial route and on a high profile, very visible corner site, this has to be the premium offering in Onekawa Industrial area right now.
Recently renewed ground lease for another 6 years at current rates. Tenants are paying all outgoings including ground lease, rates and Insurance providing an excellent nett return of circa $117,000.
Recent Engineers report indicating a very high Earthquake rating.
This property is providing excellent cashflow and is also on 2 titles providing even greater flexibility in the purchase.