Listing #:1711025208

Commercial Building Pipiwai Road

Location: 42 Pipiwai Road, Kamo, Whangarei, Northland
Property use: Industrial
Floor area: 480m2
Land area: 1003m2
Viewing instructions: By appointmen­t.
Rateable value (RV): $650,000
Price: Enquiries over $570,000
Property ID#: FBU731
Parking: Six plus spaces.
The photos may show a property with little character but it is clean, tidy and solidly built by the owner in 1982. The building is light industrial with associated internally sub-divided amenities and offices which currently hold three tenants.
1. 240m2 has been leased for 25yrs to same reliable tenant. This lease will terminate end October and unit will remain vacant as opportunity for prospective owner/operator purchaser.
2. 127m2 has a new long-term lease to a reliable tenant
3. 113m2 is currently occupied on a long-term lease.
The eastern side of the building has pedestrian front entry into an open plan office/reception area, off which is located a bathrrom, toilet, shower and basin with access through to a workshop which holds a roller door to a rear metalled yard. This is also accessed from a gateway into the eatern boudary.
The western portion of the property is currently divided into a front and rear tenancy. The front has pedestrian and roller front door entry from the front yard.It opens into a wharehouse with a bathroom amenity block containing handbasin, toilet and laundry tub. There is also an l-shaped kitchen.
The third area is accessed off the rear yard and has a roller door and pedestrian entry opening into a workshop with a small mezzanine floor at the rear with office/storage underneath. The property is situated on a front site with 3-phase power and high stud. Currently returning 7.5% pa plus outgoings (rates & insurance)
It could suit an owner/operator or as a great opportunity for an investor. CV is $650,000
Offers over $570,000 considered. No agents please.
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Enquiries over $570,000
Listed: Sun 4 Dec, 5:25 pm
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mylife3 (2 2 positive feedback)
Member since Mar 2009

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mylife3 (2 2 positive feedback)
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Expires: Sun 23 Dec, 6:29 am
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