Property Description
Brand new (completed July 2024), very impressive building of 960m2, setting out on a long career in the Wairarapa’s principal industrial estate.
The Wairarapa has potentially the lowest commercial property vacancy factor in New Zealand.
There is a new eight year lease to a well established manufacturer with two x five year rights of renewal.
The net rental of $124,800 increases at 3% compounding p.a. with market reviews 5-yearly.
Within the 960m2 are very smart offices and amenities of 120m2.
With a landscaped, flat site of 4420m2 there is room for tenant expansion.
Under Contract - Impeccable Industrial Investment
11 Norman Avenue, Waingawa, Masterton
960 m²
Basic Details
Listing ID : 1758
Listing Type : For Sale
Land Area : 4,421 m²
Floor Area : 960 m²
Agent info
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