Property Type
- Investment
You wouldn't call this pet-treat processing factory beautiful but the returns will certainly make your accountant and bank manager happy. Having spent 20 years building a business with substantial local and export markets the retiring owners are ready to relax and do something else entirely. The business has been sold, now the building needs to go too. Your chance to secure a much better return than bank deposits with an inflation-adjusted income.
Features:
* 1,999 sqm freehold site
* 600 sqm building area
* Current rental $60,000 plus GST per year plus outgoings
* CPI rent increase every 2 years
* New 3 + 3 + 3 + 3 year lease from October 2018
* Retiring owners are committed to selling.
To be sold by tender closing at 4pm, 10th October 2019 if not sold prior. Comprehensive Information Memorandum available. Call for details.
John Foot LLB, MBA relishes a challenge. When the opportunity arose to move from Wellington to the sunny BOP he grabbed it with gusto. Somehow the idea of living and working in a place with such an appropriate name as the Bay of Plenty appealed to him.
John believes you don't have to be pushy to be effective. He prefers to help the parties understand their true position and move towards common ground with calmly reasoned factual information rather than high pressure or bluff and bluster. If he recommends a particular course of action you can be confident that it is because he has considered the options and believes that this one is in your best interests.
John loves that an investment in real estate can provide both a stable home for a family as well as a simple means to grow your wealth over time. He gets no greater pleasure than from helping first home buyers to achieve their home ownership dream and his Investment Property Management team are dedicated to earning you the maximum possible sustainable return from your rental property investment.
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