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HIGH PROFILE INDUSTRIAL INVESTMENT - LONG LEASE
566 Kaikorai Valley Road represents an opportunity to purchase a high profile industrial property leased to a well known and identified tenant in the established industrial area of Kaikorai Valley, Dunedin.
The property is located in an excellent position being situated on the high profile Kaikorai Valley Road, an established industrial area of Dunedin and main arterial route into the Dunedin CBD. The property poses a unique opportunity to purchase a prominent industrial property with a number of quality fundamentals investors often look for but struggle to find in the local Dunedin market.
The property is leased to A G Foley Limited with an annual rental of $191,470pa plus GST and outgoings, on a lease with a 7 year term (from 1-Jul-2020) followed by three further rights of renewal of 4 years each (final expiry date of 30-Jun- 2036).
The property consists of one freehold title with a land area of 3,546m2 (more or less).
For Sale by Deadline Private Treaty closing Wednesday 16 September 2020 at 4pm (unless sold prior).
Contact the nominated broker today for more information.
Property Details
Ref
- 67011759
Property type
- Industrial
Floor area
- 1300 sqm
Land area
- 3546 sqm
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Location 566 Kaikorai Valley Road, Kenmure, Dunedin City, Otago
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