Bank as Anchor Tenant; 8.5% Yield. Easy Investment
Bank as Anchor Tenant; 8.5% Yield. Easy Investment
70 and 72 Gladstone Road, Gisborne
70 and 72 Gladstone Road, Gisborne
Asking Price NZD $1,650,000 + GST (if any)
Asking Price NZD $1,650,000 + GST (if any)
Listing ID 2750465
Features
-
860sqm
floor area -
1,012sqm
land area
Details
Asking Price NZD $1,650,000 + GST (if any)
| Fully tenanted | BNZ Bank as anchor tenant |
| Land area | 1012sqm freehold Title |
| Location | High profile within the highest foot traffic zone of retail shopping in Gisborne |
Description
Bank as Anchor Tenant; 8.5% Yield. Easy Investment
High profile location within the highest foot traffic zone of retail shopping in Gisborne
- Net rental $140,037.34 per annum
- Spread risk across two tenants - anchor tenant BNZ Bank
- Land area 1012sqm Freehold title
Calling all investors looking for a great opportunity!
This investment is on the sunny side of the street within the highest foot traffic zone of the Gisborne CBD.
Built in the 1980's there are two retail businesses in place with recently renewed leases.
The BNZ totally refit their 513.54sqm of space in 2011.
Lease documents and seismic assessment will be available on request.
8.5% yield.
Karen MacGillivray
Palmerston North
Licensed under the REA Act 2008
| Mobile: +64 27 454 0977 |
| Office: +64 6 357 4989 |
| karen.macgillivray@bayleys.co.nz |
Features
-
860sqm
floor area -
1,012sqm
land area
Details
Asking Price NZD $1,650,000 + GST (if any)
| Fully tenanted | BNZ Bank as anchor tenant |
| Land area | 1012sqm freehold Title |
| Location | High profile within the highest foot traffic zone of retail shopping in Gisborne |
70 and 72 Gladstone Road, Gisborne
Open in map
Karen MacGillivray
Palmerston North
Licensed under the REA Act 2008
| Mobile: +64 27 454 0977 |
| Office: +64 6 357 4989 |
| karen.macgillivray@bayleys.co.nz |
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