Office Warehouse on Kaikorai Valley.
Currently let to a mixture of tenants plus some vacant space
Room for an owner occupier to operate your own business and enjoy income from the other tenants
Or simply buy and hold as an investment
Current rents are very light - real opportunity to restructure leases
Returning $27,762 + GST (largely gross) plus just vacant offices and warehouse (potential combined return of $23,920 + GST)
Substantial carparking on site
Located at the city end of Kaikorai Valley Rd (2.5 km to the Octagon)
Extremely solid property
NBS report available upon request (non earthquake prone)