Colliers are proud to present to market this 183m² (more or less) retail unit occupied by a fantastic local business – Mr Meats Butcher.
The net rental income is $71,220.12 p.a with all outgoings paid by the tenant. The tenant has four years to run on its current lease with two further rights of renewal of four years remaining – the tenant has recently requested an additional right of renewal demonstrating their confidence in this location.
This property will appeal to all investors looking to secure a fantastic return with built in CPI increases and market rent reviews offering future upside.
The neighbouring property, Unit C, is also on the market with similar features – buy one or buy both.
Do not miss this opportunity - Call your sole agents today for more information.
Unit C Listing Link - https://www.colliers.co.nz/p-NZL67015436
Features:
- 183m² (more or less) net lettable area
- Net rental: $71,220.12 pa + GST
- 4-year lease-term
- Long-standing business location
- 67% of the New Building Standard / Grade B seismic rating
- Busy Town Centre with lots of parking
More information: https://www.colliers.co.nz/p-NZL67015437
