Real Estate Australia

Rare Industrial Offering with Upside
Deadline Sale

  SOLD  

Property Location: 19 Margaret Place Frankton Road - Queenstown-Lakes - Otago

Listing Id: 67019766  

Land

Size: 1112 Square Mtr Approx

Description: Colliers is pleased to bring 19 Margaret Place, Frankton to the market for sale by Deadline Private Treaty closing 4pm, 4 August 2022, unless sold prior. The offering consists of a multi-tenanted, fully leased industrial property on 1,112sqm of freehold land in the heart of the Frankton industrial area. The building itself is comprised of 3 tenancies spread across a total of 967sqm of net lettable area (floor areas approximate and subject to final measure). Currently returning $127,730 p.a. + GST, this investment has significant rental upside - astute investors will realise the potential gain! Boasting road frontage to Margaret Place, the property's L-shape ensures that all tenancies within the building have exposure to passing traffic whilst still ensuring a clear accessway for suppliers, customers and staff. The functional tenancy sizes mean that the building fits a range of business purposes, making it an attractive offering for any future prospective tenants. This is an excellent opportunity to purchase a large landholding within the Frankton industrial area, with significant rental potential. Enquire with one of the sole agents today for further information. Features: • 1,112m2 freehold site • 967m2 net lettable area • Returning $127,730 net p.a. + GST • Fully leased, multi tenanted • Prime Frankton location • Industrial A Zoning For more information please call James Valentine, Mary-Jo Hudson, and Rory O'Donnell.

Rare Industrial Offering with Upside
Deadline Sale

Contact Colliers Queenstown Today!!!

Contact James Valentine
Phone 021 777 772

Contact Mary-Jo Hudson
Phone 021 667 880

Contact Rory O'Donnell
Phone 027 445 3982

Property ID:67019766