6/183 Glenda Drive, Frankton

If you're in the market for an entry-level, fully leased commercial investment in a sought-after location then we seriously suggest you circle this one! Offered to the market is this modern, 180 square metre, two level commercial opportunity at Shotover Ridge in Frankton. Built in 2006 and leased to two local Queenstown businesses, Unit 6 holds a premium position in the complex being a corner unit and having excellent street frontage onto popular Glenda Drive. The unit is currently configured as a warehouse on the lower level and professional offices on the upper level. Upholstery Workshop is the tenant on the ground floor and Frankton Legal is the tenant on the first floor. Both tenants have just signed brand new leases commencing 01 April 2019 - one is for two years and one is for three years (with rights of renewals). Returning a total of $50,000 + OPEX + GST per annum with fixed annual increases on both leases of 2.00% per year. There are three designated car parks. In the future you have the flexibility to re-configure the unit into mixed use residential/commercial should you wish to do so. Located in the heart of Frankton's industrial hub, this would be perfect for Family Trust investors or those looking to acquire their first commercial property. We don't expect this will last long so please call either Gerard or Hadley to discuss this exciting and rare entry-level opportunity. Priced to sell at NZD $965,000 + GST. ...