120 Bond Street, Invercargill, Invercargill, Southland

Sold

Substantial Multi-tenanted Industrial Investment

The subject property represents an excellent opportunity to purchase a freehold multi-tenanted industrial investment comprising of three tenancies in a profile position on Bond and Mersey Streets, Invercargill, anchored by a lease to Fletcher Steel Limited (t/a Diamond Roofing).

The property is situated in close proximity to the Invercargill CBD and in a growing industrial area, surrounded by many national well recognised businesses.

120 Bond & part 140 Mersey Street is leased to Fletcher Steel Limited (having a 12 year lease from 1.4.2017, plus further rights of renewal, final expiry 31.3.2039), and the remainder of 140 Mersey Street is leased to Alsynite One NZ Limited and Coventry Group (NZ) Limited t/a Konnect Fastening Systems, with a total annual rental of $478,484.77pa (approx) plus GST and outgoings.

The site consists of two freehold titles with a combined land area of 11,307m2 (1.1307 hectares) more or less.

For Sale by Deadline Private Treaty closing Thursday 3 March 2022 at 4pm (unless sold prior).

Contact the nominated broker for more information.

Property Details

Location 120 Bond Street, Invercargill, Invercargill, Southland