This property is located on busy State Highway One in Levin, Horowhenua and features a vast list of benefits for a savvy investor. This high-quality building comes with the tenant committed to signing a ten-year lease from the date you purchase. With a net lease of $168,750, the tenant paying 100% of the outgoings, three five-year rights of renewal, two yearly CPI and five yearly market reviews. This is sure to please even the toughest of bank managers with a secure long-term income.
Currently tenanted by an internationally acclaimed brand, Swazi Apparel, the first floor is home to the global head office, retail store and the manufacturing plant where the proudly NZ made product is born. The lower level provides for product warehousing via roller doors and has secured parking.
With a seismic rating at 71% NBS, the well maintained 2,782m2 building provides for a future-proofed property with the different spaces able to be used efficiently. An astute investor would also appreciate the adjacent carpark area, which could provide for possible expansion.
Here is an opportunity to team up with one of New Zealand's iconic brands as well as owning a quality, versatile building. Call us today for more information.
Features:
- Global tenant
- 10 Year lease from date of purchase
- Net rental income $168,750
- CPI & Market rent reviews
- three RoR of five years each
- 71% NBS
