The right mix

18-24, Durham Street, Levin, Horowhenua

Tender

Proposed Usage
Industrial
Floor Area
2800.00 m²
Description:
Property ID
1c5pfjq

If you are an astute investor looking for an opportunity that offers security, peace of mind and will appreciate the spread of risk from having 2 blue chip tenants then look no further.

The bulk of the ground floor is occupied by the Crown who have tenanted the building in one format or the other since 1998. Contact Energy have occupied the balance of the ground floor and whole of the first for the last 11 years for use as a National call centre. The property is immaculately presented (strengthened to 80% NBS in 2014) and provides a working environment the envy of those in the bigger cities.

Rentals are at a level that leave room for growth without breaking the bank and the location is spot on for the respective tenants needs. Certainly if you were a betting person it would be odds on that both tenants will be here for years to come.

With a net annual rental of $350,000 + GST it won't be in everyone's budget but for those that can step up it's likely you will get a much better return than those properties in the lower price brackets.

PROPERTY FEATURES:

Blue chip tenants
• Leased to Contact Energy and the Crown

Prime location
• Strategic corner site adjacent to New World

Well presented
• Happy tenants make long term tenants

80% NBS
• Earthquake strengthened in 2014
.

Enquire about this property

Levin Area