Sold Property

7 Manadon Street, Spotswood, Taranaki 4310

$900,000

Prime Spotswood Investment for Sale

Top quality buildings provide an easy care investment with this attractive modern warehouse investment!
Secure lease to Max Pennington Motors Limited this property is situated opposite the Countdown Supermarket some 130 meters from South Road (State Highway 45) This property has a frontage to Manadon Street of 46.4 meters and a depth of 39.3 meters.
Lease term five years from December 2016, $60,000.00 per annum net rent, CPI Review 1 June 2019 and the tenant pays the property outgoings. Three industrial bay workshops with access via three roller doors on the frontage providing a floor space of 810m² plus offices 69m² and Mezzainine 70m².

Land Area: 1820m²

Building Area: 949m²

Rent: $60,000.00 per annum plus GST

For Sale: $1,000,000 plus GST Property ID: #NP6590

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Sold Date

  • 05 May, 2017

Property features

  • Property Type: Warehouse
  • Property Details: Tenanted Investment
  • Tenure: Fee Simple
  • Tenancy 1: Commencement Date: 01 December 2016, Expiry Date: 30 November 2021, Rental net/gross p.a.: 60000.00, Tenant Name: Max Pennington, Term (years): 5 yrs

Office

Harcourts New Plymouth

Licensed under REAA 2008

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Est. bond $1920

Sold Property

7 Manadon Street, Spotswood, Taranaki 4310

$900,000

Prime Spotswood Investment for Sale

Top quality buildings provide an easy care investment with this attractive modern warehouse investment!
Secure lease to Max Pennington Motors Limited this property is situated opposite the Countdown Supermarket some 130 meters from South Road (State Highway 45) This property has a frontage to Manadon Street of 46.4 meters and a depth of 39.3 meters.
Lease term five years from December 2016, $60,000.00 per annum net rent, CPI Review 1 June 2019 and the tenant pays the property outgoings. Three industrial bay workshops with access via three roller doors on the frontage providing a floor space of 810m² plus offices 69m² and Mezzainine 70m².

Land Area: 1820m²

Building Area: 949m²

Rent: $60,000.00 per annum plus GST

For Sale: $1,000,000 plus GST Property ID: #NP6590

Property Features

  • Property Type: Warehouse
  • Property Details: Tenanted Investment
  • Tenure: Fee Simple
  • Tenancy 1: Commencement Date: 01 December 2016, Expiry Date: 30 November 2021, Rental net/gross p.a.: 60000.00, Tenant Name: Max Pennington, Term (years): 5 yrs

Sold Date

  • 05 May, 2017

Bruce Woodhead Harcourts New Plymouth

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Harcourts New Plymouth

Office Harcourts New Plymouth Licensed under REAA 2008

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Need to sell before you Buy?

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