 Asset Class: | Industrial |
 Price: | $ 1100000 |
 Net Yield: | 6.00 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | On Market |
This is a prime investment opportunity featuring a long-term lease with a stable tenant in the paint and panel repair industry.<br><br>Located centrally in the Wakatu Industrial Estate off Main Road Stoke with easy access to State Highway 6 and Richmond this property offers a sought after total rent-able area of 323 sqm on a 669 sqm land parcel.<br><br>With close to three years remaining on the current term and a final expiry in 2047, this property offers significant opportunity for long-term stability and rental growth making it an attractive proposition for investors seeking reliable returns in an excellent location<br><br>Tenant renewals are never guaranteed, however, challenges involved in<br>obtaining consent and fit-out for this type of business suggest the tenant is<br>likely to be in place long term.<br>
How old is the asset?
Vendor's reason for selling?
Days property been on market?
Is this property strata titled?
Are the seller and tenant related parties?
How long has the current tenant been on site?
How long has the tenant been in business?
Is this property in a flood zone?
Is this lease a leaseback arrangement?
Located centrally in the Wakatu Industrial Estate off Main Road Stoke with<br>easy access to State Highway 6 and Richmond this property offers a sought<br>after total rentable area of 323 sqm on a 669 sqm land parcel. <br><br>Nelson is a booming regional town located in the north of the South Island.<br>The local economy is based on a vibrant export sector led by seafood,<br>forestry, horticulture, viticulture and agriculture. In addition, tourism<br>continues to thrive and the combination of improving wealth and tourism<br>growth is defining Nelson as a dynamic lifestyle location with genuinely<br>thriving arts, wine, hospitality and wellness scenes. Key indicators of GDP,<br>population and wages are all trending positively.
Additional Location Information FileChapman Auto Surgery is a well-established, medium-sized<br>business located in the heart of Nelson. Specialising in high-quality<br>auto parts and expert body shop repair services, the company has<br>earned a strong reputation for its professional service and<br>exceptional craftsmanship. Over several years, Chapman Auto<br>Surgery has become a trusted business, known for its attention to<br>detail and commitment to delivering top-notch repairs and<br>products. Their central location makes them a convenient choice<br>for customers throughout the Nelson region.
Initial Term:
Security:
Security Info:
TBA in DD.
Offer To Purchase:
$
Initial Deposit:
$
Due Diligence:
days
Finance:
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Settlement:
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<ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Wakatu Industrial Estate off Main Road, Stoke</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Established Long Term Tenant</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Modern Industrial Building</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Land Area 669 sqm (approx.)</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Building Area 323 sqm (approx.)</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Fully Leased Investment</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Industrial Zoning</span></p></li></ul>
