154-156 Ballantyne Road, Wanaka

A modern industrial building leased 100% to a successful tractor and lawnmower dealership 'Claas Harvest Centre Otago Limited' which supplies tractors and farm machinery to many properties throughout the Lakes District. Built in 2012 and with a land area of 2,104 sq m of Freehold Fee Simple land the property is returning $82,083.54 + OPEX + GST per annum with annual rental increases (hard ratchet). The current lease term runs to 30 November 2022 with 2 x 5 year Rights of Renewal. The lease is personally guaranteed by the Tenant. Located in a popular industrial area just moments to thriving Wanaka, this would be perfect for Family Trust investors or those looking to acquire their first commercial property. Please call Gerard today for your private viewing. Capital Value: $1,640,000 (01 July 2017)