Levin - Commercial multi tenant investment

Price Offers Over $2,250,000 plus GST (if any)
Location 290 Oxford Street, Levin
Type Commercial & Industrial Retail to Buy
Floor Area 773 m2
Land 809 m2
Listing No # BC98416
Listed 20/10/2021
Views 3

Description

290 Oxford Street, Levin is a prime multi-tenanted investment property situated right in the heart of the Levin CBD. It has fantastic exposure to the state highway at the front, as well as convenient access and parking at the rear via a service lane.

The two story building sits on an 809m2 section and has been seismically strengthened with an earthquake rating of 70% NBS. The owners have kept the property well maintained, with new switchboards, wiring, gutters ,some double glazing, and new frontage just to name a few. There is ample parking at the rear, which also presents a further development opportunity.

The building is fully occupied with four tenants leasing all of the 773m2 (more or less) of floor area. The property has provided a consistent and reliable income stream to the current owners.

Key Features:

  • Multi tenanted
  • Great central location
  • $155,920.26 + GST net income
  • 70% NBS
  • Dual access
  • Development opportunity

Contact our agent

Kevin Carian

M: 027 430 4045

Property Brokers Limited (Licensed: REAA 2008) - Palmerston North

240 Broadway Avenue
Palmerston North
, 4414
RealEstate Agents contact details and original listing on www.realestate.co.nz -