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Whitcoulls Building - 50-54 Esk Street

50-54 Esk Street, Invercargill

Retail Property
dollar

Deadline Sale

Floor area
800m2
Land area
855m2
Title type
Freehold
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Property details

Listing # LS2158 | Listed on 13 April 2022

Todd & Co Realty are once again proud to offer a prime inner city safe (90% EQC Code) building right opposite the proposed front door of the new mall. Solid construction, steel portal with rear access and two top of the line tenants. Both shops are beautifully fitted out, a building that any aspiring landlord would be proud to own.

Net return $178,000 per annum. Tenant pays all the outgoings. This is a beauty!

Tenancies:

1. Whitcoulls $148,000 + GST and outgoings per annum. 3 Years from 1/12/20 with right of renewal for 3 more.

2. Skelts Jewellers $30,000 + GST and outgoings per annum. 6 Years from 1/8/18 (review due this year) with a 4 x 6 year right of renewals.

Legal Description: SL 236/81Lot 2 DP6049 being land area 855sqm more or less.

Deadline Sale: 4.00pm 16th June 2021 (Unless sold prior).

Call the Todd & Co Commercial team Wayne Hill, Harry Gregory or Dave Penny 03 218 7124

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