Sold Property

25 Library Road, Te Karaka, Gisborne

  • 1012
  • 150 m2

$117,500

Bite-size Commercial Investment Opportunity

Land and Buildings for sale by Deadline Treaty 26/03/21 (unless sold prior)

A great opportunity for you to start or add to your commercial investment portfolio without breaking the bank.
The current rental is $9,100 pa plus GST and outgoing expenses. A long established business servicing a rural community just out of Gisborne. Zoned commercial with space and a future option to have a residential dwelling at the rear of this 1012m2 section.
New 3x3x3 year lease runs until November 2029.
Out of town vendors want this property sold. Property ID: #GBE3788

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Sold Date

  • 28 April, 2021

Property features

  • Property Type: Land, Retail
  • Zone: Commercial (8R) Fural commercial, Residential building is a permited authority on the property.
  • Tenure: Fee Simple
  • Tenancy 1: Commencement Date: 01 December 2020, Expiry Date: 30 November 2029, Rental net/gross p.a.: $9, 100 net + GST & Opex, Review Dates: 1 Dec 2023 & 1 Dec 2026, Rights of Renewal: 2 x 3 (Rent review every 2 years), Tenant Name: Butcher Shop, Term (years): 3 years

Office

Harcourts Gisborne

Licensed under REAA 2008

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Est. bond $1920
  • 1012
  • 150 m2

Sold Property

25 Library Road, Te Karaka, Gisborne

$117,500

Bite-size Commercial Investment Opportunity

Land and Buildings for sale by Deadline Treaty 26/03/21 (unless sold prior)

A great opportunity for you to start or add to your commercial investment portfolio without breaking the bank.
The current rental is $9,100 pa plus GST and outgoing expenses. A long established business servicing a rural community just out of Gisborne. Zoned commercial with space and a future option to have a residential dwelling at the rear of this 1012m2 section.
New 3x3x3 year lease runs until November 2029.
Out of town vendors want this property sold. Property ID: #GBE3788

Property Features

  • Property Type: Land, Retail
  • Zone: Commercial (8R) Fural commercial, Residential building is a permited authority on the property.
  • Tenure: Fee Simple
  • Tenancy 1: Commencement Date: 01 December 2020, Expiry Date: 30 November 2029, Rental net/gross p.a.: $9, 100 net + GST & Opex, Review Dates: 1 Dec 2023 & 1 Dec 2026, Rights of Renewal: 2 x 3 (Rent review every 2 years), Tenant Name: Butcher Shop, Term (years): 3 years

Sold Date

  • 28 April, 2021

Mike Vita Harcourts Gisborne

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Harcourts Gisborne

Office Harcourts Gisborne Licensed under REAA 2008

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Need to sell before investing?

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