Real Estate Australia

Top Quality Industrial Investment in Frankton
AUCTION: Tuesday 20-09-2022
4:00 pm  Deadline Sale



  SOLD  

Property Location: 5 Sutherland Lane Frankton - Queenstown-Lakes - Otago

Listing Id: 67020316  

Land

Size: 352 Square Mtr Approx  

Description: 5 Sutherland Lane comprises of a near-new warehouse, modern office space and 6 car parks. With four years remaining on the initial term of the lease, this is an excellent opportunity for investors looking for low-maintenance passive income.

Well-positioned in the heart of the tightly held Frankton industrial precinct, 5 Sutherland Lane poses a rare chance for prospective purchasers to gain a foothold in this market. Surrounded by quality businesses such as Toll Logistics, Plumbing World and Snap Rentals, this area remains a hot spot for tenants amidst a 0% vacancy market.

For Sale by Deadline Private Treaty closing Tuesday 20 September at 4pm (unless sold prior).

Investment highlights:
• Quality investment in the heart of the Frankton industrial precinct
• 4 years left to run on initial 6 year lease term, with further rights of renewal
• 3% annual increases, with market reviews on renewal
• Fully leased, returning $84,832 + GST
• Rare freehold opportunity in a tightly held area

Please forward all enquiries to James, Mark, or Rory today for more information.

Top Quality Industrial Investment in Frankton
AUCTION: Tuesday 20-09-2022
4:00 pm  Deadline Sale


Contact Colliers Queenstown Today!!!

Contact James Valentine
Phone 021 777 772

Contact Rory O'Donnell
Phone 027 445 3982

Contact Mark Simpson
Phone 027 490 6394

Property ID:67020316

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interested parties must make their own enquiries with Colliers Queenstown!

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