Aviation Hangar- Investment 9.3% ROI
- Proposed Usage
- Floor Area
- 942.00 m²
- Property ID
This leasehold investment property is in a prime Mount Maunganui location, strategically positioned at Tauranga airport.
The premises are fully tenanted, returning circa 9.3% after Ground rent.
The investment includes a commercial aviation tenant, with a new lease commencing 1 April 2017, with rent $36,000 + GST per annum. The lease term is 3 years with a further right of 3 years.
In addition there are two, three bedroom apartments. These are fully tenanted and return $860 per week in rental return.
Built in 2004, this is a low maintenance investment, with limited input required from the owner if they wish to continue to utilise the services of the current property manager.
The Ground lease with Tauranga City Council has 7 years to run, with a further right of 20 years.