High Yielding Investment

62-68, Austin Street, Onekawa, Napier

Price On Application

Proposed Usage
Industrial
Floor Area
990.00 m²
Description:
Property ID
1br2xt5

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.
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Onekawa Area