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Tauhara, 51 Raywood Crescent

The Wheel Deal!

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Sold
Sold
Listing Number: TPO28959
About this listing

SOLD - This listing was sold in July 2019.

Often sought, seldom found. 727m2, fully tenanted industrial building on 934m2 site in burgeoning Ashwood Park a relatively new industrial park in Taupo.

Completed in 2008 the building is home to the following tenants:

- B&J Wheel Addiction Ltd - Mag wheel and tyre specialists (Final Expiry Date 31 January 2028)
- Safe T Works Taupo Ltd - Health and safety consultancy (Final Expiry Date 18 July 2029)

Both leases are supported by personal guarantees.

Well located within 3 minutes of State Highway 1 and surrounded by a number of well-respected Taupo businesses this property will suit private investors and family trusts.

The leases carry automatic CPI increases and one lease has a built-in review in 2020.

Contact Hugh Milloy 021 901 390 or hugh@harcourtstaupo.co.nz for detailed information.
Property Information
  • Approx Floor Area: 727 sqm
  • Land Size: 934 sqm
  • Property Type: Warehouse, Office
  • Property Details: Tenanted Investment
  • Commercial information
    • Zone: 7B
  • Tenure: Fee Simple
  • Tenancy: Total rental if more than 1 tenancy $ (+ GST): 71010
  • Tenancy 1: Area Sqm: 196.5 & 100, Commencement Date: 17 July 2017, Expiry Date: 18 July 2029, Rental net/gross p.a.: 22500, Review Dates: 18/07/2020, 18/07/23, 18/07/26, Rights of Renewal: 3, Tenant Name: Safe T Works, Term (years): 3
  • Tenancy 2: Area Sqm: 495, Commencement Date: 01 February 2019, Expiry Date: 31 January 2028, Rental net/gross p.a.: 48510, Review Dates: 01/02/2022, 01/02/2025, Rights of Renewal: 2, Tenant Name: B&J Wheel Addiction Ltd, Term (years): 3

Contact Details

Harcourts Taupo

Talk Property Ltd

Licensed REAA 2008

49 Heuheu Street
Taupo
Office website

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