Split-risk investment on a corner-site
• Freehold investment fully leased to three established tenants, returning $151,000 net p.a.
• Fee simple site measuring 2,500sqm (more or less) positioned on a prominent corner site
• 2.67-year Weighted Average Lease Term
• Modern retail and office improvements totalling 335sqm approx.
• Industrial Resource Area zoning
26 McNulty Road is a split-risk investment opportunity centrally positioned in Cromwell on a high-profile corner site.
Fully leased to established tenants Dough Sea Dough Bakery, Vape City and Southern Wholesale Cars & 4WDs, returning a combined $151,000 net p.a. with a near-3-year weighted average remaining lease term.
Comprising 335sqm approx. of modern retail improvements constructed in circa 2007, the property presents an uncomplicated investment opportunity with clear future development potential.
Underpinned by a 2,500sqm (more or less) industrial-zoned landholding, positioned on the corner of Ree Crescent and McNulty Road, Cromwell's main thoroughfare through the industrial estate, providing strong exposure to passing traffic.
For sale by Negotiation. Purchase price plus GST (if any).
Contact the Sole Agents for further information.
Henry Napier
+62 21 024 64 785
henry.napier@bayleys.co.nz
William Gubb
+64 21 145 6811
william.gubb@bayleys.co.nz
• Fee simple site measuring 2,500sqm (more or less) positioned on a prominent corner site
• 2.67-year Weighted Average Lease Term
• Modern retail and office improvements totalling 335sqm approx.
• Industrial Resource Area zoning
26 McNulty Road is a split-risk investment opportunity centrally positioned in Cromwell on a high-profile corner site.
Fully leased to established tenants Dough Sea Dough Bakery, Vape City and Southern Wholesale Cars & 4WDs, returning a combined $151,000 net p.a. with a near-3-year weighted average remaining lease term.
Comprising 335sqm approx. of modern retail improvements constructed in circa 2007, the property presents an uncomplicated investment opportunity with clear future development potential.
Underpinned by a 2,500sqm (more or less) industrial-zoned landholding, positioned on the corner of Ree Crescent and McNulty Road, Cromwell's main thoroughfare through the industrial estate, providing strong exposure to passing traffic.
For sale by Negotiation. Purchase price plus GST (if any).
Contact the Sole Agents for further information.
Henry Napier
+62 21 024 64 785
henry.napier@bayleys.co.nz
William Gubb
+64 21 145 6811
william.gubb@bayleys.co.nz
Key features
Anchor tenants
Freehold investment fully leased to three established tenants, returning $151,000 net p.a. with a 2.67-year Weighted Average Lease Term
Location
Fee simple 2,500sqm (more or less) site positioned on a prominent corner
Floor area details
Modern retail and office improvements totalling approximately 335sqm
