Rārangi Hou
Colliers is proud is exclusively present 7B Douglas Alexander Parade to the market for sale, with an asking price of $1.060 million + GST (if any).
Occupied by a specialist curtain & blind maker, the immaculately presented asset has a net return of $63,000 per annum, with plenty of room for growth.
Benefitting from a 4 year lease term, plus a 4 year renewal, the lease features regular market reviews throughout, underpinned by a personal guarantee.
The investment sits in a well located 8 unit bodycorp, situated in the low vacancy Rosedale Commercial & Industrial Estate.
Seriously for sale - Vendor says present all offers!
Asking price $1.060m (initial 5.94% return)
Phone the sole agents today to view.
Matt Prentice 021 464 904 and Jimmy O'Brien 021 979 001
Features:
* Immaculately presented commercial investment
* Returning $63,000 pa net
* 4 year lease term + 4 year renewal
* 285sqm Showroom / office
* Generous 5 carparks
* Regular market rent reviews
* Prime Rosedale location
* Personal guarantee on lease
* Extensive modern fitout
* Asking price $1.060 m + GST (if any)