16 Sunley Street, Westown, New Plymouth, Taranaki

Presenting a modern commercial property in a tightly held location, leased to an established and thriving, award winning business.

Approximately 90% of the property is leased to Begin Distillery Limited, a wholesaler and retailer with over five years remaining in the current term. A small workshop at the rear of the site makes up the balance, with three years remaining plus rights of renewals.

The 2,108 sqm site is improved by distillery workshop, two warehouses and a high spec showroom and customer seating area. The buildings are of a high quality, the smaller workshop being developed in 2015 and the distillery buildings in 2020 to 2022.

An exceptional investment opportunity of modern construction, low maintenance and secured by a long term lease to an established and thriving business. Sunley Street is a sought after industrial pocket on the periphery of the CBD, near the Taranaki Base Hospital.

For Sale 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:

• Net Annual Rental of $125,000 plus GST
• Leased to award winning distillery
• Annual CPI rental increases
• Site Area: 2,108 sqm (approx.)
• Modern construction of low maintenance
• Popular and tightly held commercial location
• 16 on site car parks

More information: https://www.colliers.co.nz/p-NZL67041141