High yield chaser wanted

60-66, Kingsford Smith Street, Rongotai, Wellington

Tender

Proposed Usage
Industrial
Floor Area
3626.00 m²
Land Area
4446.00 m²
Description:
Property ID
1c6lqmj

Here is your chance to join the hustle and bustle of the Lyall Bay retail precinct.

The subject property has recently undergone a major upgrade to house Parrot Dog Brewery and a range of cool and funky office tenancies.

The property was originally constructed around 1963, since then the building has had alterations, additions and has been re strengthened to 70% NBS. It provides a mixture of retail, office, warehouse and storage accommodation.

The majority of the hard work has been done however there is still significant upside in redeveloping parts of the site but in the meantime enjoy a very healthy return from purchasing the lessee's interest.

• Fully refurbished - multi tenanted investment property
• 10 individual tenancies
• Recent seismic upgrade to 70% NBS
• Net income of approximately $316,324 + GST per annum after all outgoings
• Land Area - 4,446sqm
• Floor Area - 3,626sqm

To obtain copies of the supplementary document please visit: https://www.propertyfiles.co.nz/property/kingsford

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Rongotai Area