Money maker

31-35, Boulcott Street, Wellington Central, Wellington

Tender

Proposed Usage
Industrial
Floor Area
2430.00 m²
Land Area
551.00 m²
Description:
Property ID
1c048jk

It may not win any beauty prizes, but it will print money.

Comprising 5 levels of secure parking, the lower 3 levels are leased back by the Vendor for 1-3 years from settlement leaving the top 2 levels vacant to cater for the ongoing demand from car park operators or for those who are happy to take a hands on approach to maximise the cash flow.

Each floor has its own secure roller door access and with little else in the way of services or fit out you only have the bare basics in the way of outgoings to account for. Its solid concrete construction is low maintenance and with a seismic rating of 100% NBS there is also the possibility of adding a couple of levels of apartments on top.

With a starting annual net rental of circa $150,000 it wouldn't take much for a hands on investor to get this closer to $250,000.

• Vendor leaseback - Cashflow from settlement date
• Great location - Ideal for demand from surrounding office users
• Low maintenance - Concrete structure built to last
• 100% NBS - Potential to add on top
• Security - Roller door access to each self-contained floor.

To obtain copies of the supplementary documents please register your details here to receive the files via an email: http://www.propertyfiles.co.nz/property/boulcottstreet

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Wellington Central Area