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Invercargill, 82 Kelvin Street

Established Commercial Investment!

Auction 08 Nov 2017 No Prior Sale

Listing Number: IV37575
About this listing
Returns $80,000pa +GST + outgoings!! New 5 year +5+5+5year lease in place from possession date 20th November 2017.
NB : Business is not for sale, only the building which is leased back to the Business

* Well established tenant has been in business for 30 years. Now is the time to sell his building! Neat 1960's showroom warehouse building occupied as a printing factory on a popular high profile corner of Kelvin and Yarrow Streets in the Invercargill Central Business District. 970m2 building set on 1416m2 of land together with 5 front car parks and 7 rear car parks.
* The property has a smart reception, a few offices and meeting room a large open space factory & long outwards goods area and a small mezzanine storage area.
* It has a heated ducted diesel central heating unit to keep the space on an even temperature, a requirement for printing.
* The business has been in the printing trade for approx 30 years, specializing in sticky roll on labels for the freezing works and many other businesses. The new lease is for 5 years plus 4 rights of renewal from 1st December 2017 at $80,000 pa + GST + all outgoings. regular rent reviews.
* Copy of LIM and Engineers Report are available.
* There are not many commercial Investment for sale. This one is expected to show a good return and is in a popular area.
Auction date
Wednesday 8 Nov 5:30 p.m. (Harcourts Auction Room, 182 Dee St)
No Prior Sale
Property Information
  • Approx Floor Area: 970 sqm
  • Land Size: 1416 sqm
  • Tenure: Fee Simple
  • Property Type: Retail

Contact Details

Invercargill

Holmwood Real Estate Ltd

Licensed REAA 2008

182 Dee Street
Invercargill
Office website

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