Rārangi Hou
• Affordable leasehold investment opportunity in Mount Industry zone
• Well established industrial tenant Power Hydraulics 2015 Limited
• Returning annual net rental of $49,613 + GST after ground lease costs
• Sizeable industrial premises of 821.4sqm (approximately) with rear yard
This offering comprises a leasehold industrial asset situated in the highly sought after Mount Maunganui Industrial sector on Tukorako Drive, within the Lambert Park leasehold subdivision.
The property provides a medium sized industrial workshop building with two levels of offices and amenities positioned to the front of the premises. The predominantly open plan, high stud workshop includes drive through access from the front of the site to a security fenced rear concrete yard of approximately 470sqm with a washdown area.
Tenanted by Power Hydraulics 2015 Limited since 2018, the business has a proven and successful 25 year plus trading history in the Bay of Plenty providing a one stop shop for all hydraulic needs.
Positioned in on some 1,501sqm (more or less) of land with perpetual 20-year lease terms, this is an extremely affordable investment opportunity that is likely to sell well below replacement cost, returning what is expected to be a very generous leasehold yield!
For more information or to arrange an inspection, contact the sole listing agents today.