Stable Investment with International Tenant and annual rent increases
Well known business of Carters trading from this central Invercargill location. 80 metre north frontage to Forth Street with rear access at the south from Tyne Street. Great ratcheted lease for landlord/investor to have certain rental increases.
Great investment here in the deep south. Positive future for the province based upon possible big projects; Solid Energy up to $10 billion, Silica plant, onshore and offshore oil and gas. Briquet plant has consent issued. Currently 8.4% net return. ... Expand
Great investment here in the deep south. Positive future for the province based upon possible big projects; Solid Energy up to $10 billion, Silica plant, onshore and offshore oil and gas. Briquet plant has consent issued. Currently 8.4% net return.
Market rent review due in August 2012 and each renewal date a plus a minimum of 3% annual increases every other year
Price for Sale: Price Reduced was $2,700,000 now $2,450,000 + GST (if any) Collapse
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Collapse This SectionFeatures
Type | Retail |
Building | Floor Area: 5550 sqm |
Land | Land Area: 6474 sqm |
Tenancy | vacant |
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