193/183 Glenda Drive Frankton, 93 NZ
"Under Offer " Increase Your Return on Investment in Queenstown
A opportunity to Investment in a quality light commercial/industrial building located near by Frankton Commercial Precinct in Queenstown.
* Building area 180 sqm (more or less) 1. Ground floor retail 90 sqm (more or less) 2. First floor office / apartment 90sqm (more or less) * 3 car parks included with title as Accessory Unit * Industriral A Zone under the QLDC Operative District Plan * Current Tenant : 1. Sally M Wine & Food Limited (Trading as Taste & Savour , Fine Wine & Food Store) ; 2. Currently leasing the ground floor of Unit 20 Shortover Ridge ; Taste & Savour is a locally owned business consisting of a licensed cafe , gourmet pantry, wine store and tasting room ;
* Two separate Leases: 1. Ground floor lease dated 24 November 2013 2. First floor lease dated 2 February 2015 3. Renewals and expiry date the same for both leases 1x3 years on 1 January 2023 4. Final Expiry date on : 31 December 2025 5. Market Rent Reviews : 1 January 2023 1 January 2025
* Current Annual Rent : $55,000 pa + OPEX + GST
* Ability to be adapted to other uses
To discuss or for more information.
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Inspection of this property is available strictly by arrangement only.
Contact
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Ria Leung