Split Risk on Corbett Road
Bell Block, New Plymouth
* Currently returning $129,000 net rental
* Fully tenanted investment
* Split risk investment
* Bunnings have just renewed.
The complex comprises two separate tenancies on one substantial freehold site in Bell Block, the heart of New Plymouth's industrial precinct.
Bunnings operate a trade store from the premises, and is the anchor tenant contributing approximately 74% of the total net income. Bunnings have exercised their right of renewal plus their building was recently graced with a new roof. (The scaffolding has just come down).
At the rear of the site, AKA Holdings Limited, who have also just renewed, operate a scrap metal business contributing the balance of the $129,000 net rental.
Holds a current building Warrant of Fitness.