3 Bond Place, Invercargill, Southland, Southland 9810

^Floor 1407m²
^Land 2539m²

Sold

High Yielding Trade Retail Investment

Colliers are proud to exclusively present 3 Bond Place, Invercargill to the market. The property is a well-positioned trade retail asset, leased by the well-renowned Reece Plumbing.

Reece Plumbing Invercargill is a 1,407sqm building located on a regularly shaped 2,539sqm corner site just minutes from the Invercargill CBD, and surrounded by an excellent tenant mix of VTNZ, Bridgestone Tyres and Blacks Fasteners, amongst many others.

The property is currently returning $105,936 + GST in net rent. The next renewal date is in July 2024, with the tenant having a further renewal period of 2 years beyond this, taking the final expiry to July 2026. There is fixed rental growth in the form of annual CPI increases with a hard ratchet.

For Sale by Deadline Private Treaty closing 4pm, Wednesday 13 December 2023 (unless sold prior).

Enquire today to ensure you don't miss out on this investment opportunity with future upside.