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Outstanding Turnkey Investment.

Thames, 424 Pollen Street

Contact agent for more information

Sold
Sold
Listing Number: TH4143
About this listing
This is an out standing commercial property, located in the Heart of Thames. Quality long term tenants occupy the building, which currently returns $67,100 net per annum. The tenants are long established, retail and service provider business including, More FM radio and Bay Audiology.
Rarely do opportunities arise to obtain solid investments such as this. Unlike residential tenants the commercial tenants' in this building are long term, i.e. 6 years with further rights of renewal. This equates to minimal tenant turnover minimal stress, further, the tenants pay for internal fit out, repairs and make good. The hard work has been done, now you get to enjoy the rewards from this investment.

The building is 520m2 approx, on 536m2 of land. Earth Quake rating is over 67%. A new roof was installed (2018). There is parking for 9 cars at the rear. Front and rear access. The asking price is $1,075,000 which equates to 6.25% net return.

For a copy of the Information Memorandum phone the agents 027 292 7099 or 021 153 5482 today.

For the astute investor there is also the opportunity to secure the adjacent building and 2nd title. The two properties generate a combined net return of $120,060 per annum. Please see our listing https:https://naiharcourts.co.nz/TH4143
Property Information
  • Land Size: 536 sqm
  • Tenure: Fee Simple
  • Property Type: Office, Retail, Tenanted Investment
  • Property Features: Building Name: Nokenoke Building
  • Approx Floor Area
    • Office Square Metres: 520
  • Tenancy: Additional Details: For the astute investor there is also the opportunity to secure the adjacent building and 2nd title. The two properties generate a combined net return of $120,060 per annum. Please see our listing https://naiharcourts.co.nz/ Property/865688/TH4102/420-424-Pollen-Street

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