10 Year Lease Term - Strengthened to 70% of NBS

11, Manchester Square, Feilding, Manawatu

Auction

Proposed Usage
Industrial
Description:
Property ID
1btpygt

- Brand new ten year lease term to a quality national tenant
- Fixed two yearly CPI rent increases for duration of lease
- $38,000.00pa net +GST
- Fabulous character building recently fully refurbished and seismic strengthened to 70% NBS
-Very affordable and rare investment opportunity in the growing rural hub of Feilding

Located in the heart of the Feilding CBD, and near ANZ Bank, Subway, and Liquorland, this quality freehold investment ticks all the boxes. The iconic character building has been strengthened and fully refurbished to a quality standard inside and out - all the hard work has been done. With a long term lease this investment further benefits from strong tenant covenant being part of Thai House group which operates 14 established restaurants throughout the North Island. With Feilding's local economy and property market booming in recent times this very affordable hands-off investment opportunity is a must see. Vendor is committed to selling..

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Feilding Area