High profile Tasman investment

104 and 108, High Street, Motueka, Tasman

By Negotiation

Proposed Usage
Retail
Floor Area
2975.00 m²
Land Area
6340.00 m²
Description:
Property ID
1c4xmwq

Bayleys Real Estate are delighted to offer four quality commercial investment properties available for purchase collectively or individually. Each of the properties present highly desirable investment opportunities, combining high profile locations, long term leases and quality building standard.

104 and 108 High Street, Motueka - offers 6,340m2 of leasehold land housing a Countdown supermarket in a 2,957m2 building. The building is also tenanted by oral healthcare facility Motueka Dental Centre. Occupying most of the site, Countdown is currently on a lease running through to 2026, with two further 10-year rights of renewal. Meanwhile, Motueka Dental Centre is currently on a lease running through to 2023. Both tenancies generate a combined net annual rental of $404,862.61, and provide for two-yearly rent reviews.

• Leased to The General Distributors Limited and Motueka Dental Centre Limited
• $404,862.61 net annual income
• Modern high profile supermarket
• Multiple access points and large car park
• Located in central Motueka on State Highway 60
• Redeveloped building in 2011
• Properties maintained by Countdown and Gibbons Property Management

For Sale- Price by Negotiation.
For further information please visit- www.gibbons2019.co.nz


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Motueka Area