• 28 units
• Net income circa $67,000 + GST
• Leasehold
Opportunity to acquire a relatively safe and well established storage unit investment in Thames Street, Pandora. A busy arterial route in Napier.
On offer is 28 storage units plus a lease to Gunn Removals Limited for yard space and further storage.
The ground lease is set at $56,674.28 and is due for a review again in September 2030.
Most units are around the 35m2 size, and have a strong rental history and minimal turnover.
With just over five years to run on the ground lease before another review, you can be assured of consistent returns for a number of years. There could even be a possibility of freeholding the land in the future.
The property is to be sold via tender with the tender date being Thursday July 31, 2025 at 4pm - Harcourts Napier, 308 Hastings Street, Napier South, Napier.
For further information, please contact the listing agent Shannon Caldwell.
