COLLECT THE RENT.. AND ...BUILD A NEW PREMISES!
8-10, Kotua Place, Stoke, Stoke, Nelson
Price On Application
- Proposed Usage
- Floor Area
- 690.00 m²
- Land Area
- 2331.00 m²
- Property ID
Enquire about this property
Well located, multi tenanted, fully leased assets are the most tightly held assets in the region. They very seldom come on to the market and a superb opportunity when they do.
The property is a located on Kotua Place in the Wakatu Industrial Estate. The estate is now almost fully developed with very little land remaining for sale, and few tightly held undeveloped sections. This block has its back to the Deviation, which gives an excellent signage profile for tenants. It is a very convenient location, with access to the deviation bring both Nelson and Richmond inside 10 minutes drive time.
The buildings are configured to offer five premises, and each one is well leased. The net rental is $93,400 plus GST and the leases have outgoings recovered and shared between the tenants.
This building ticks every box for an astute investor. It is fundamentally sound, well located, well leased, multi tenanted and has development opportunity.
For this reason the property is for sale with an indicative price of $1,575,000 plus GST (if any).
In comparison to recent sales completed by Colliers around Nelson and nationally, this is a fair market price and we expect significant enquiry.
For Sale by DEADLINE PRIVATE TREATY, closing 3pm, Friday 27th October 2017 (unless sold prior).
Contact Geoff today for more information.