1 Onslow Road, Lake Hayes Estate, Queenstown, Otago 9304

^Floor 373m²
^Land 1113m²

Sold

10 Year Lease with Built-In Growth

A good quality, two level commercial building near Queenstown in the established residential area of Lake Hayes Estate. This unique building comprises five separate tenantable areas, comprising three retail areas on the ground floor and two office/accommodation areas above. Total floor area is over 373sqm on a site of 1,113sqm.

The current lease is over the entire property to a single tenant, returning $164,800 + GST per annum.

Property Highlights:
• Established food & beverage operator
• 10-year lease over the whole property
• Modern commercial building
• High profile corner site
• Ample off-street parking
• 3% built-in increases p.a. & market rent reviews every 3 years

For Sale by Negotiation.

For more information or an inspection on the property, please contact sole agents, Tim Thomas or Rory O'Donnell.