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$2,450,000 + Gst (if Any)
Invercargill, Southland
ID# CCM21079

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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

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.

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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Property Details
TypeRetail
BuildingFloor Area: 5550 sqm
LandLand Area: 6474 sqm
Tenancyvacant

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Jeff Kirk
Ray White Executive Member 2011
Mobile
0212 285 406
Phone
(03) 379 4120
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