Commercial for sale in Wellington North 13593052

For Sale
Back

Commercial, Wellington North, Wellington | Ref: 13593052 - (2699579 )

Large Triple Bay, Double Volume Warehouse

Large warehouse building centrally located in Wellington. 3 adjoining double bays with 2 undercover loading bays and ample parking.

The building is currently let to the Rhodes Food Group, who are relocating in late 2018, when the building will be available for occupation. There are 3 years remaining on the lease presenting opportunities for both investors and owner occupiers. Under the terms of the current lease the building offers a 13.8% net yield. (Valuation based on 10.2% yield at open market rates).

On this property the guaranteed rental income (Until May 2021) & the land value of the property exceed the asking price, effectively offering the purchaser the buildings (5200m2 in extent) for free.

Price EXCLUDES VAT

Your private notes:
Need to be lgged in to use this feature

Features

  • 9,904.00
  • 5,200.00
  • Map of Area

Phil Craig

Commercial for sale in Wellington North, Phil Craig
Office: 021... 021 864 2948 Show Numbers
Cell: 076... 076 182 6148 Show Numbers
Email: ... Phil Craig Show Email
Fax: 021 864 2663
View my Properties

Seeff Properties Wellington

Office: 021... 0218642948 Show Numbers
Fax: 021- 864 2663

Contact

(By registering a user account, you indicate that you have read and agree to our Terms and Conditions)
  • R 31,750,000

    4 Bedroom Farms for sale in Wellington Central

  • R 20,000,000

    4 Bedroom Farms for sale in Wellington

  • R 17,660,000

    Commercial for sale in Wellington North

  • R 15,790,000

    Commercial for sale in Wellington Central

  • R 15,420,000

    Commercial for sale in Wellington North

  • R 14,210,000

    Commercial for sale in Wellington North

  • R 11,790,000

    Commercial for sale in Wellington North

  • R 10,700,000

    Farms for sale in Wellington

  • R 10,600,000

    3 Bedroom Farms for sale in Wellington Central