69-71 Tarbert Street, Alexandra, Central Otago, Otago 9320

Sold

Alexandra Commercial Investment

This is an exceptional opportunity to acquire a fully leased 2 level commercial building in the growing Central Otago town of Alexandra. The building is occupied by 3 established tenants on varying leased terms balancing the risk for investors. The anchor tenant, ICL Chartered Accountants, has 7 years remaining on their lease plus renewals. The other tenants include International Professional Infrastructure Consultants WSP, and community health providers HealthCare NZ both on shorter term leases. Combined the property has solid income streams with all tenants having occupied the property for some time.

The property is in 2 titles with ample off street carparking to the rear of the building with primary access off Tarbert St the main eastern arterial out of Alexandra.

Investment highlights include:
• Fully Leased - anchored by ICL Chartered Accountants
• Annual contract Rental of $233,288 plus GST
• Rare property holding - land area of 1429sqm across 2 freehold titles
• Ample onsite parking
• Passive Investment opportunity.

The property is offered For Sale by Deadline Private Treaty closing 5 May 2022 at 4pm (unless sold Prior).

For more information please call Mark Simpson or Rory O'Donnell.

Property Details

3D Walk-Through

Location 69-71 Tarbert Street, Alexandra, Central Otago, Otago 9320