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Commercial Investment with 6 Year Lease

3/401 Queen Street West, Hastings

Retail Property
dollar

Negotiation

Floor area
495m2
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Property details

Listing # HA26975 | Listed on 13 April 2022

- Expansive retail property available exclusively for sale with Harcourts

  • 495 square metres
  • 5 staff car parks at the rear
  • Two roller doors at the rear for inwards/outwards goods
  • One block from the Hastings CBD
  • Price by Negotiation

Here is a great opportunity to own a commercial investment property that has a new six-year lease in place, with rights of renewal for another two terms of six years.

The tenants are paying $60, 000 net +GST in the first year, with the net rental moving up to $75, 000 +GST from year two. All outgoings are covered by the tenant as you would expect, with market rent reviews commencing in year four.

With a build date of 2006, this is a great opportunity to purchase a sound building, with a great tenant and have security for years to come.

Be quick to realise this opportunity and give me a call to discuss further.

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