27 Progress Drive, Otorohanga

Asking Price: $1,350,000

Impressive Industrial Opportunity

Property details

Take this opportunity to secure this fantastic industrial building. Well laid out high stud building purpose built for the tenant's use but versatile for many activities. Total rentable floor area of 1078.8 square metres. Concreted yard, drive thru and drive around access. Tenanted to a well established business providing mechanical services for commercial vehicles. Tenant well placed to service the Otorohanga 'transport hub'

Key Facts

Building Size: 1078.8 square metres

Offices: 80.5
Mezzanine Lunchroom: 36.3
Mezzanine Storage: 46.7
Main Workshop: 431.5
Lean to Workshop: 216
Rear Workshop: 267.8
Total Building: 1078.8

Land Size: 2332 square metres

Tenancy

Tenants: HTSL Diesel Mechanical Limited

Rental: $88,831.10 plus GST pa

Return: 6.58%

Term: Five years from the 1st March 2022

Rights of Renewal: Two of three years each

Market Rent Reviews: 1st March 2025, 1st March 2028, 1st March 2031

Property Files

Deed of Lease

Deed of Assignment of Lease

Deed of Variation of Lease - Signed

Record of Title

Waikato Regional Council Rates

Zone Image

Otorohanga District Council Property Information

Rental Valuation

Land Information Memorandum

Contact

John Robinson

021 904 852

john@originrealestate.co.nz

https://originrealestate.co.nz

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