Listing Description
10-year lease – 6% return
1 Maunu Road and 2-16 Walton Street, Whangarei, Northland
Details
| Attribute | Value |
|---|---|
| Property use | Industrial |
| Agency reference | 1507154 |
Description
For sale - $7,100,000 plus GST (if any)
- A premium investment opportunity with a listed tenant
- 10-year lease to Turners Group NZ Limited
- Returning $427,599pa + GST and outgoings
- Fixed annual rent review increases of 2.5% with guarantees in place
- High-profile location on a large land holding split into multiple titles
Bayleys are pleased to exclusively present for sale this premium investment opportunity occupied by Turners Group NZ Limited on a large land holding in Whangarei.
This exceptional offering gives the astute investor a long-term lease for 10 years with fixed annual rental increases and reviews to market. Located centrally in Whangarei's business district, the land is well-positioned on a high-profile corner site split into several titles.
Turners have occupied the site for seven years, making improvements over this time. Not often do investment opportunities of this calibre come to the open market. It gives the investor growth, security of tenure and future upside in a tightly held location.
Property Files
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