Well-located in Kaikorai Valley Rd with full vehicle access from both directions, this large site has three tenancies over two titles. The middle tenancy will be vacant on possession.
The site is earning approx. $102,105 pa + GST nett from the two occupied tenancies currently. If the vacant tenancy was reroofed and given minor cosmetic changes, there is a potential income stream from the whole site of up to $247,500 pa + GST nett.
More about the vacancy- it could suit a large engineering workshop or truck repair type operation nicely. It has good features in abundance:
- approx 1,466m2 mostly high stud workshop
- multiple truck-height doors allowing drive-thru
- a certified 5-ton gantry crane covering 590m2
- trucks can drive right around the building
- good reception, offices and amenities
- customer and staff parking
- a substantial rear yard
- a vehicle washdown area
This site is for sale by negotiation, and the vacant space is also for lease. Was previously for sale by deadline but the lockdown has disrupted that process.
Sites like this are rarely available- contact us today to obtain a property IM or to find out more!
Right from the start I was impressed with Terry and Roy's professionalism, their ability to tap into an extensive network of property owners and prospective joint tenants, and above all their willingness to go the extra mile to make things happen.