Warehouse investment or owner occupier

5, Wilson Street, City Centre, Wanganui

Price On Application

Proposed Usage
Industrial
Floor Area
437.00 m²
Land Area
628.00 m²
Description:
Property ID
1c50z80

Limited space around Wilson street, Whanganui's light industrial hub this property of 437 sqm with front entrance and rear access is up for sale, would suit and astuate purchasers, currently tenanted at this stage until June of this year with the potential of renewal this would make a solid investment or a new home for your business.

Lease for the space is $36,000 + GST + outgoings, currently returning $30,000 + GST + outgoings with a renewal in play potentially to grow the lease to market value the expected return would be around 8% per annum.

Currently also 1 a/b Wilson is for sale as well and could be purchased together which includes three tenancy spaces.

For a comprehensive Information memorandum call Bayleys today

Purchase price + GST if any

Enquire about this property

City Centre Area