Wanaka

7 Frederick Street, Wanaka, Wanaka, Otago 9305

  • Floor 430m²
  • Land 1411m²

Sold

Industrial Investment with Upside

Offered to the market for the first time in 20 years this is a rare opportunity to purchase a 1411sqm freehold industrial property in the heart of Wanaka's main industrial area. The property is fully leased to a well established local joinery business.

The building was built in 2004 and provides a large workshop plus associated offices/amenities and modern styled showroom with part full height glazing. The current building covers approximately 30% of the site allowing plenty of scope to develop the site further.

Key Property Highlights:

• Development opportunity with current 30% site coverage
• 1411 sqm regular shaped freehold site
• Good profile with a large 39m frontage to Frederick Street
• Net rental income of $90,206pa + GST with fixed increases up to $100,620pa + GST
• Three years remaining on lease
• Situated in an established industrial location that is tightly held

For sale by negotiation.

Contact Geoff McElrea to arrange an inspection or to access the online data room for further information.

*Third image is an artist impression only.

Property Details

Ref

  • 67026068

Property type

  • Industrial

Floor area

  • 430 sqm

Land area

  • 1411 sqm

Location 7 Frederick Street, Wanaka, Wanaka, Otago 9305

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Geoff M

Geoff McElrea

Commercial Broker

Wānaka Office

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