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It is a privilege to offer this rare ground floor commercial investment located in the heart of Frankton, Queenstown.
Situated close to main arterial routes in a sought-after central industrial location, just minutes from Queenstown, and Arrowtown this attractive building is situated on approximately 950 sq m of land with off street carparking and two established and reputable tenants who combined utilise approximately 587 sq m of internal space.
Returning $119,000 pa net plus GST and OPEX, this offering feature's two 5-year leases plus further right of renewals, as well as annual rental increases and market reviews.
The building constructed circa 2004 consists of pre-cast concrete panels, corrugated colour steel and structural steel support beams throughout for ease of management along with a mezzanine floor comprising of a meeting room and kitchenette.
Without doubt this property offers very generous storage/warehouse space ensuring multi- purpose options in the future.
Contact David today for further information or to arrange for a personal inspection.
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 1.63 km | 4 | 3 | 228m2 | 2024年04月03日 | $1,725,000 | Council approved | |
1.10 km | 5 | 153m2 | 2024年03月19日 | $1,075,000 | Council approved | |||
0.04 km | 5 | 150m2 | 2024年02月20日 | $1,100,000 | Council approved | |||
0.05 km | 5 | 150m2 | 2024年01月25日 | $1,135,000 | Council approved | |||
0.05 km | 4 | 147m2 | 2023年11月10日 | $1,100,500 | Council approved |