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Listing Description

Listed: Thu, 18 Jan

Solid Industrial Investment

4 Barros Place, Richmond, Tasman, Nelson / Tasman

Enquiries over $1,995,000

Details

  •   694m² Floor
  •   1261m² Land
AttributeValue
Property use
Industrial

Description

GBU Realty is proud to exclusively offer 4 Barros Place, Richmond to the market, for offers over $1,995,000.

4 Barros Place comprises of a standalone and split tenancy industrial building, sitting on 1261 sqm freehold title, in the tightly held Richmond industrial precinct. Offering two quality tenants to ensure continuity of income and split risk investment.

The total building area of 694 sqm (more or less) comprises a highly functional and modern constructed high stud warehouse, with an office component on the ground floor of each tenancy with two offices and bathroom facilities with shower and a good-sized mezzanine in each.

Key Features:

  • Modern 694m2 building on 1261m2 of land
  • Fully leased to two tenants, Tasman Roofing & Nelson Refrigeration Solutions
  • Rental - $109,500 pa from 1 April 2024
  • Sought after Richmond location with Industrial Zoning
  • Upcoming rent review for further upside due 1 August 2024
  • Attractive investment opportunity, which ticks all the boxes
  • New four-year term from 1/4/2024 for Nelson Refrigeration Solutions
  • Tasman Roofing to accept further right of renewal from 1 August 2024 for a further 4 years.

If you are looking for a smart place to invest, then look no further than this quality split risk investment.


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