Modern two storey commercial block incorporating two excellent anchor tenants on the ground floor including AMI Insurance with an upstairs vacant remodelled 224 sqm area available for owner occupier or additional rental. Car parks at rear. Prime position in busy Mackay Street. Outgoings are the responsibility of existing tenants on a percentage basis. All offers considered by motivated vendor. General: Land area includes Car Parks. Ground floor has separate toilets and kitchen facilities for each tenancy. Top Floor: Currently vacant but now totally renovated at a cost of $115,000. Rental incl. 2 car parks is Negotiable + 35.2% of outgoings. Ground Floor: Rented to AMI Insurance. Lease $17,563 + GST. Term 4x4x4 from Sep 2001. 32.4% of outgoings. Ground Floor: Rented to Credit Union Westland. Rental incl. 2 car parks is $16,000 + GST + 32.4% of outgoings. Term 6 yrs Expiring May 2013 Mawhera Incorporation Lease: Rental $9,100 pa plus GST. Commenced Jan 2000 Term 21 yrs expiring Jan 2020 (renewable). Reviews 7 yearly - last renewal Jan 2008. Estimated Outgoings inclusive GST: Mawhera Lease $10,237.50 GDC Rates $4,269.60 Regional Rates $441.44 Insurance $3,156.00

Agency reference #: GYC1533