8.5% YIELD - LONG TERM LEASE, $512,000 P.A.
- Proposed Usage
- Floor Area
- 16625.00 m²
- Property ID
Located in the strong provincial centre of Thames only an hours drive from Auckland City and situated on the the Coromandel Peninsula this industrial complex of some 16,600m² is situated on a 3.96 hectare site within the town boundary and is leased to A G Price Limited who has been operating on site since 1860.
The site is made up of 10 separate titles with considerable underlying land value. The buildings have been maintained under planned a yearly maintenance contract. Bank the rent for the remaining 10 years of the lease term and then realise the capital gain in the land on the Coromandel Penninsula.
Realistic owner for the last 20 years moving on.
• 10 years remaining on the lease term
• $512,000 p.a. rental income with 3 yearly rent reviews
• No rights of renewal
• 3.96 hectares of land in 11 separate titles
• Huge inherent land value.