Moturoa Investment

471, St Aubyn Street, Moturoa, Moturoa, New Plymouth

Price On Application

Proposed Usage
Office
Floor Area
186.00 m²
Land Area
266.00 m²
Description:
Property ID
1c571zj



Tidy and fully leased commercial property investment for those wanting to buy into a commercially expanding suburb.

The showroom / retail oriented property has two strong tenants, with staggered lease expiries providing diversified income.

Tenant: Gem StylistTerm: 5 yearsCommencement Date: June 2019Gross Rental: $14,688 p.a. plus GST

Tenant: NZ SparkyTerm: 2 yearsCommencement Date: October 2019Gross Rental: $22,000 p.a. plus GST

Situated on the prominent north facing, corner site at the entrance to Moturoa. The ex-Fonterra cool store have been earmarked for development, not far from 471 St Aubyn Street, which is sure to add value to the surrounding area. The property was extensively retrofitted and refurbished in 2014.

Rates: $4,009.65 (inc GST)Insurance: $2,044.22 (inc GST)Zoning: Residential A

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Moturoa Area