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Listing Description

Listed: Thu, 2 May

Industrial cash cow with options

4 Ngaio Place, Edgecumbe, Whakatane, Bay Of Plenty

To be sold by auction on 29 May, 10:00 am

Details

  •   440m² Floor
  •   1047m² Land
AttributeValue
Property use
Industrial
Agency reference
2575604

Description

A rare opportunity to secure a prime industrial property in the heart of this thriving locale. The property comprises 420sqm (more or less) of functional workshop and storage space on a 1,047sqm (more or less) freehold site.

Offering a spacious and versatile layout, allowing for various industrial operations. With ample space for equipment, machinery, and inventory, with the ability to tailor the space to suit your specific requirements.

Currently leased to six tenants, with an additional two containers occupied as storage. This unique setup provides a passing rental income of $71,760 (including GST) per annum, making this property an attractive investment opportunity.

Whether you are an owner-occupier looking for a strategic base for your operations or a savvy commercial investor seeking to expand your portfolio, this entry-level opportunity offers immense potential and value. The location's proximity to key infrastructure and amenities enhances its desirability, making it a compelling choice for those looking to establish or grow their presence in the area.

Don't miss out on the chance to secure this versatile industrial property. Take the next step towards enhancing your business operations or investment portfolio.

** The property is to be sold inclusive of GST **


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Agent's details

Larissa Reid

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Enquire about the property

Bayleys Whakatane, (Licensed: REAA 2008)

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