99 - 101 King Street, Temuka 7920

For Sale $499,000 + GST (if any)

  • 15 Car

RETAIL INVESTMENT IN TEMUKA

RETAIL INVESTMENT—SELDOM AVAILABLE—SOUND TENANT IN PLACE

Land Area: 1118 m2

Floor Area: Ground Floor: 420 m2 (more or less) plus upstairs additional.

NBS: Assessed at 34% of current National Building Standard after completion of strengthening.

Zoning: Commercial 1

Parking: Access from Vine St (S.H.1) at rear of premises. Multi car parking.

Current Lease: Rental: $47,454 pa + GST + outgoings. Term: Final expiry 31 January 2026 if r.o.r. exercised

Rates: $4,644.62 (2017-2018)

R.V. Capital Value (as at 1/9/17): $530,000

$499,000 plus GST (if any) (9.5% return approx).

Make enquiry

This property is proudly listed by:

First National Real Estate Reid & Wilson 167-169 Stafford Street
Timaru NZ 7940

Open for Inspection

By Appointment

Additional information

Property Type Retail to Buy
Property ID 41959110377
Price $499,000 + GST (if any)
Council Zoning Commercial 1
Council Rate $4,645
Land Area 1,118 sqm (approx)
Building Area 500 sqm (approx)
Yearly Outgoing $10,226