Tenanted investment with bounce

44, Riverbank Road, Otaki, Kapiti Coast

Auction

Proposed Usage
Industrial
Description:
Property ID
1c3mppv

730sqm warehouse with 7metre stud, on 1,540sqm land.
Timber framed wall and roof trusses with corrugated iron cladding. 4.5m sliding doors to the front & drive through access to rear yard. Good seismic rating of 70%.
The Tenants of 25 years have a lease until November 2019, with further 2 x 2 year rights of renewal. They have a considerable investment in plant installed, supplying their local production operation.
Located in Otaki industrial within 1km of SH1 at the end of the road, and the new expressway when complete.

For further information and supplementary documents please visit: http://www.propertyfiles.co.nz/riverbank

• 730m2 warehouse
• SH1 with the new expressway at the end of the road
• Well established tenant with capital plant investment
• Recent refurbishment and exterior painted
• 70% NBS rating

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Otaki Area