When yield and rental growth matter

26, Brandon Street, Wellington Central, Wellington

Tender

Proposed Usage
Retail
Floor Area
195.40 m²
Description:
Property ID
1c6zpxr

Refurbished throughout, this very well presented ground floor tenancy ticks the boxes for investors looking for yield, growth and peace of mind.
Situated adjacent to David Jones in Brandon street, the property has an enviable leasing history with only 4 changes of tenants in the last 24 years, a sure sign that it's in the right location. The annual 3% rental growth kicks in in Jan 2020 which is an immediate benefit to the lucky new owner. As to yield, well that's up to you to decide once you have investigated this opportunity further, but rest assured its going to be a lot better than leaving your money in the bank.
When you put it all together this is one investment opportunity you will want to look closer at.
To obtain copies of all supplementary documents please register your details at www.propertyfiles.co.nz/property/26brandonstreet
• 6 year lease from Jan 2019
• 3% annual rent growth
• Prime CBD location
• Net annual income $100,000 + GST

Enquire about this property

Wellington Central Area