Sold
154-156 Ballantyne Road, Wanaka, Central Otago

154-156 Ballantyne Road, Wanaka

154-156 Ballantyne Road, Wanaka, Central Otago, Otago, 9305

154-156 Ballantyne Road, Wanaka, Central Otago

Sold On

13 April 2018

Floor Area

450 sq m

Land

2104 sq m

Leased Commercial Investment

Leased Commercial Investment

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)

Leased Commercial Investment

Property Details

Property ID

QBS11863

Floor Area

450 sq m

Land

2104 sq m

Location

154-156 Ballantyne Road, Wanaka, Central Otago, Otago, 9305
Gerard Bligh

Gerard Bligh

Sales Associate

Let's get in touch

Marketed by

Gerard Bligh
Gerard Bligh

Sales Associate

Hadley van Schaik
Hadley van Schaik

Sales Associate