Fully Tenanted Investment

SOLD - This listing was sold in January 2020
- Ideal first investment or addition to your portfolio
- Freehold land area of 250m2.
- Floor area 230m2. Tenancy's of 153m2 & 77m2.
- Two long term tenants on new leases until 2024 & 2025.
- Tenants pay 100% of the outgoings.
- Samurai Sushi had total upgrade and new fitout 2006.
- Net income $32.000.00 p.a. CAP rate 9.14% @ $350,000.
- Earthquake report is available.
- Purchased by current owners June 2004.
- Inspection with the Sole Agent only.
- Act now as the property will not be long on this market.

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Main Property Features

Listing Number: DU95405

Approx Floor Area:
230 sqm
Land Size:
250 sqm
Property Type:
Retail
Approx Floor Area
  • Retail Square Metres: 230
Land area
  • Yard Square Metres: 20
Commercial information
  • Zone: Principal Centre
Tenure:
Fee Simple
OPEX $:
7888.72
Tenancy:
Total rental if more than 1 tenancy $ (+ GST): 32000
Tenancy 1:
Area Sqm: 153, Commencement Date: 01 January 2018, Expiry Date: 01 January 2024, Rental net/gross p.a.: 22000, Review Dates: 1/1/20, 1/1/22, Rights of Renewal: 2 further terms of 2 years, Tenant Name: Samurai Sushi, Term (years): 2 years
Tenancy 2:
Area Sqm: 77, Commencement Date: 01 May 2019, Expiry Date: 30 April 2025, Rental net/gross p.a.: 10000, Review Dates: 1/5/21, 1/5/23, Rights of Renewal: 2 further terms of 2 years, Tenant Name: St Vincent de Paul, Term (years): 2 years
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Licensed REAA 2008

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Harcourts Dunedin

Highland Real Estate Group Ltd

Licensed REAA 2008

16 Queens Gardens
Dunedin
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Property Location