Investment opportunity in Lyall Bay

56, Kingsford Smith Street, Lyall Bay, Wellington

Tender

Proposed Usage
Industrial
Floor Area
1827.00 m²
Description:
Property ID
1c1lrn7

This fully leased investment offers an investor a multi tenanted (10 different tenants) a well spread of risk in a hot location located right next door to Bunnings.

The property has had a full seismic upgrade to 70% and is returning approximately $264,000 + GST after all outgoings.

The site is on leasehold land and we are only selling the lessees improvements so the final investment return will be attractive.

Tenants included Jewetts Real Estate, Ocean Hunter and F45 gym to only name a few.

• Net rental $264,000 + GST after all costs
• Lease terms: 3-6 years
• NBS 70% once finished
• Tenure - leasehold interest only

Enquire about this property

Lyall Bay Area