Frankton 193/183 Glenda Drive

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 UnitIndustriral A Zone under the QLDC Operative District PlanCurrent 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. Simply email us , or call Ria Leung directly on 0212797271.

"Please be aware that this information has been supplied by the vendor and/or sourced from: Property Guru, Property Smarts, Land Information NZ, Local Councils, and other organisations. Century21 Aurora Real Estate passing over this information as supplied to us. We cannot guarantee its accuracy or reliability."

Property Information

• Floor area approx 180sqm