Listing Description
International Tenant on Corner Site
40 Rata Street, Inglewood, New Plymouth, Taranaki
Price by negotiation
Details
| Attribute | Value |
|---|---|
| Property use | Retail |
| Capital value (CV) | $190,000 |
| Agency reference | INC01009 |
Description
Situated on the corner of Rata and Rimu Street in Inglewood, 40 Rata Street is now available.
Housing an international franchise, Subway, with a very good lease and with recent full refurbishment. Seismic work has been completed, new roof, extensive internal work plus full paint job and of course a very attractive lease. At present the net rent is $22,920 per annum, with 2 yearly CPI rent reviews in place and market reviews on renewal. Final expiry will be 2037.
The property sits on Library lease land, with the tenant paying all outgoings including the ground lease.
This site is high profile and is an excellent opportunity to get into the commercial market at a very affordable level.
For a full IM and further information, call today.
Property Files
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Russell Atkinson
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