12/26 Glenda Drive, Frankton, Queenstown, Otago 9300

^Floor 105m²

Sold

Fully Leased Investment

The property forms part of one of Frankton's pre-eminent business parks, affectionately known as the MSpace, with allocated staff and visitor car parking.

The unit on offer is 105sqm, comprising of a 2 level building, with warehouse and amenities on the ground floor and office space with separate access on the first floor. The property has been fitted out as a high-quality space.

There is a brand new 3 year lease in place to a local building business, with further rights of renewals. The property boasts passive income with upside, with fixed annual increases built into the net rental.

In close proximity to bulk retailers Mitre10 Mega and Pak n Save, the unit's position in the tightly held Glenda Drive further enhances the offering available to prospective investors.

For Sale by Auction Thursday 24 March, 2022 at 11am. Auction to be held at Colliers, 10 Athol Street, Top Floor, Queenstown (unless sold prior).

Features
• Floor area 105sqm
• Brand new 3 year lease
• Fixed annual rental increases
• High level of design and fit-out.
• Positioned in the tightly held Glenda Drive
• 2 allocated car parks
• Adjoins major hardware and supermarket brands

Please forward all enquiries to sole agents James or Mark today for more information.