Frankton - Queenstown M-Space, 2/26 Glenda Drive, Frankton, Queenstown, Otago 9300

  • Floor 162m²

Sold

Passive Industrial 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 162sqm, comprising of a 2 level building, with warehouse and amenities on the ground floor and office space with separate access on the first floor.

There is a brand new 3 year lease in place to a local business with further rights of renewals. The property boasts passive income 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 23 June, 2022 at 12pm. Auction to be held at Colliers, 10 Athol Street, Top Floor, Queenstown (unless sold prior).

Investment Highlights:
• Central Frankton location attractive for both owner/ operators or investors
• A modern mixed use commercial premises
• Dual access from the warehouse area at the rear of property, or office at the front of property
• Fixed rental growth, with market reviews on renewal (if exercised)
• Passive investment opportunity
• Three allocated car parks and share of common car parking

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

Boundary lines are indicative only.

Property Details

Ref

  • 67019298

Property type

  • Industrial

Floor area

  • 162 sqm

Location M-Space, 2/26 Glenda Drive, Frankton, Queenstown, Otago 9300

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Mary Jo

Mary-Jo Hudson

Commercial broker

Queenstown Office

James V

James Valentine

Commercial broker

Queenstown Office

Mark

Mark Simpson

Director / Commercial broker

Queenstown Office

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