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82, High Street, Motueka, Tasman

By Negotiation

Proposed Usage
Industrial
Floor Area
596.00 m²
Land Area
2240.00 m²
Description:
Property ID
1c4xmwr

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.

82 High Street, Motueka - offers 2,240m2 of leasehold land housing a branch of PlaceMakers in a 596m2 building. PlaceMakers is currently on a lease running through to 2027, with three further seven-year rights of renewal, generating annual rental of $60,311. The lease has three-yearly rent reviews.

• Long term lease to Fletcher Distribution Limited (t/a PlaceMakers)
• $60,311 current net annual rental
• 8.85 year WALT
• Three further renewals of seven years each
• Final lease expiry 31/12/2048
• NBS estimated at 100%
• Modern build completed in 2016 with 23 car parks
• Two street access providing drive through

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