96 Gill Street, New Plymouth, Taranaki

An outstanding opportunity to acquire a high-quality, fully leased commercial investment in one of New Plymouth's most sought after light industrial and trade retail strips. 

Occupying a 2,025 sqm freehold site with approximately 1,709 sqm of net lettable area, 100% leased to four quality tenants with a net annual return of $197,164 plus GST,  anchored by J.A Russell Limited who recently committed to a new four-year lease. 

Benefitting from a seismic rating of 100%NBS and extensive recent capital improvements including a new roof, repaint and sealed car parking.

The property is being sold by Negotiation.

For more information or to arrange an inspection contact: Benet Carroll

+64 210 289 4537 benet.carroll@collierswgtn.co.nz

Please note: all floor areas are approximated only.

Features:

• Returning approximately $197,164 + GST per annum
• Diversified income stream from multiple established occupiers
• Site Area: 2,025 sqm (approx.)
• Weighted Average Lease Term of 3.8 years
• 100%NBS Rating (2013 DSA)
• NLA: 1,709 sqm (approx.)
• Well-established commercial location in New Plymouth
• 15 on-site car parks

More information: https://www.colliers.co.nz/p-NZL67041289