Commercial Investment Good Leases with Potential to Increase
Invercargill, 6-16 Nith Street
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$459,000 Plus GST (if any)
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| Property Information |
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Two Tenants, Net Rent Approx $50,998 pa + GST + Outgoings
Just off Tay Street near H J Smiths building, and SIT. This is a very neat building mainly concrete with a modern replacement roof. The building size is approx 1,200 m2 set on 1780m2 of land. Leased to two tenants, one with built in rent increase of $2,000 next year and Wilson Car Parking has the potential for this space to be redeveloped if you wanted to into showroom space with car parks similar to the Tile Centre, this would greatly increase the properties value! Currently returning approximately $50,998 pa plus GST and outgoings. An easy to manage investment with potential to develop further. NB: The vendor is now highly motivated to sell, this could be a great opportunity for you! |
| Approx Floor Area | 1780 sqm |
| Tenure | Fee Simple |
| Property Type | Retail |
| Property features | Building name: Tile Centre |
