Property Description

Get into the groove and purchase this Organic Investment before Christmas.

Our Vendor is realistic and wants to move on with his projects in other parts of the North Island.

Two very strong tenancies, with one being an “essential service” and able to trade right through the recent lockdown. The other declined our Vendor’s offer of a rent reduction during lockdown, as they were “Doing just fine”.

The Organic Butcher provides delicacies for all over the North Island, and the Dance Academy has circa 400 members, both very strong tenants.

Great lease terms with circa 4 years left on each and further ROR’s. Additional provision for rental growth in lease agreements.

With a meaty return of 6-6.5%, this is a great way to beef up your portfolio. You’ll be dancing all the way to the Bank!

  • 70%+ NBS
  • $64,000 net income p.a
  • Provision for rental increases
  • High profile corner site opposite Farmers

Tender closes Thursday December 16th, 2021 at 4:00pm

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An Organic Investment

300 Eastbourne Street West, Hastings

560 m²
Basic Details
Listing ID : 1496
Listing Type : For Sale
Land Area : 654 m²
Floor Area : 560 m²
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