Investment - 12 Year Lease in Place
Large investment property. Substantial factory type warehouse building and a tenant that manufactures and markets high quality woollen spun yarns for the carpet industry throughout the world. The factory is one of the most modern of its type in the world and includes a state of the art yarn spinning plant and processing technology.
Long term 12 year lease from the 28th June 2004 plus further 2 rights of renewal of 4 years each
Rental income $930,000pa + GST + 100% Outgoings. 2 yearly rent re... Expand
Long term 12 year lease from the 28th June 2004 plus further 2 rights of renewal of 4 years each
Rental income $930,000pa + GST + 100% Outgoings. 2 yearly rent reviews
A substantial land area of 2.9937ha* predominantly zoned Business 4, Part L1
Capital Value $10,800,000. Factory/warehouse/office totalling 14,286m2*
Well established tenant since 1972. Plant upgrade includes state of the art technology
View tenant website for further information and production video www.chchyarns.co.nz. Comprehensive information memorandum including Deed of Lease, Deeds of Rent Review, LIM Report and property details available to qualified buyers.
Sale: Present all offers + GST (if any) Collapse
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Collapse This SectionFeatures
Type | Retail |
Building | Floor Area: 14286 sqm |
Land | Land Area: 2.994 Ha |
Tenancy | vacant |
Zone | B4 and L1 |
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