Real Estate Australia

Passive Industrial Investment
AUCTION: Thursday 23-06-2022
12:00 pm  Auction

  SOLD  

Property Location: 2/26 Glenda Drive Frankton - Queenstown-Lakes - Otago

Listing Id: 67019298  

Description: The property forms part of one of Frankton's pre-eminent business parks, affectionately known as the MSpace, with allocated staff and visitor car parking. The unit on offer is 162sqm, comprising of a 2 level building, with warehouse and amenities on the ground floor and office space with separate access on the first floor. There is a brand new 3 year lease in place to a local business with further rights of renewals. The property boasts passive income with fixed annual increases built into the net rental. In close proximity to bulk retailers Mitre10 Mega and Pak n Save, the unit's position in the tightly held Glenda Drive further enhances the offering available to prospective investors. For Sale by Auction Thursday 23 June, 2022 at 12pm. Auction to be held at Colliers, 10 Athol Street, Top Floor, Queenstown (unless sold prior). Investment Highlights: • Central Frankton location attractive for both owner/ operators or investors • A modern mixed use commercial premises • Dual access from the warehouse area at the rear of property, or office at the front of property • Fixed rental growth, with market reviews on renewal (if exercised) • Passive investment opportunity • Three allocated car parks and share of common car parking Please forward all enquiries to sole agents James or Mark today for more information. Boundary lines are indicative only.

Passive Industrial Investment
AUCTION: Thursday 23-06-2022
12:00 pm  Auction

Contact Colliers Queenstown Today!!!

Contact James Valentine
Phone 021 777 772

Contact Mark Simpson
Phone 027 490 6394

Property ID:67019298