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- 10 year lease term remaining to regional brand tenant including rights of renewal.
- Returning $24,150 p.a. + GST and outgoings.
- Remotely manage your investment opportunity.
Located in the heart of the Turangi's light industrial area. This central location is just off state Highway 41 encompassing 1157sqm (more or less) of freehold land and 288sqm (more or less) approximately building.
Low maintenance building with zincalume cladding, aluminium joinery and concrete floors featuring three office spaces, a kitchen, a toilet, a store room, a warehouse - all with good lighting, a roller door with paved entrance and emergency door. It is also security fenced with a gated lockup.
With a long term lease in place to a strong regional tenant - it is an ideal passive investment that should not be missed. Chattels include a heat pump and fixed floor coverings.
Price is By Negotiation plus GST (if any).
Property details
Land area: 1157sqm (more or less)
Floor area: 288sqm (more or less)
Zoning: Industrial
Tenancy details
Tenant: The Lines Company
Term of lease: 3 years
Commencement date: 1 February 2020
Rights of Renewal: Three (3) rights of three (3) years each
Final lease expiry: 31 January 2032.
Net rental $24,150 p.a. + GST and outgoings
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
0.14 km | 3 | 1 | 81m2 | 2024年02月29日 | $345,000 | Council approved | ||
0.22 km | 3 | 103m2 | 2024年01月31日 | $310,000 | Council approved | |||
55.62 km | 0m2 | 2024年01月23日 | $209,000 | Council approved | ||||
 | 56.38 km | 2 | 110m2 | 2024年01月11日 | $350,000 | Council approved | ||
0.57 km | 3 | 1 | 75m2 | 2024年01月09日 | $500,000 | Council approved |