Outstanding Turnkey Investment.

SOLD - This listing was sold in April 2019
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

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Main Property Features

Listing Number: TH4143

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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Harcourts Thames

Gold Star Real Estate Ltd

Licensed REAA 2008

519 Pollen St
Thames
Office website or View office details

Property Location