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Rare Industrial Offering with Upside
Colliers is pleased to bring 19 Margaret Place, Frankton to the market for sale by Deadline Private Treaty closing 4pm, 4 August 2022, unless sold prior.
The offering consists of a multi-tenanted, fully leased industrial property on 1,112sqm of freehold land in the heart of the Frankton industrial area. The building itself is comprised of 3 tenancies spread across a total of 967sqm of net lettable area (floor areas approximate and subject to final measure). Currently returning $127,730 p.a. + GST, this investment has significant rental upside - astute investors will realise the potential gain!
Boasting road frontage to Margaret Place, the property's L-shape ensures that all tenancies within the building have exposure to passing traffic whilst still ensuring a clear accessway for suppliers, customers and staff. The functional tenancy sizes mean that the building fits a range of business purposes, making it an attractive offering for any future prospective tenants.
This is an excellent opportunity to purchase a large landholding within the Frankton industrial area, with significant rental potential. Enquire with one of the sole agents today for further information.
Features:
• 1,112m2 freehold site
• 967m2 net lettable area
• Returning $127,730 net p.a. + GST
• Fully leased, multi tenanted
• Prime Frankton location
• Industrial A Zoning
For more information please call James Valentine, Mary-Jo Hudson, and Rory O'Donnell.
Property Details
Ref
- 67019766
Property type
- Industrial
Floor area
- 840 sqm
Land area
- 1112 sqm
Location 19 Margaret Place, Frankton Road, Queenstown, Otago 9300
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