A purpose built car sales & service premises and yard with 10 year lease in place to Northland Toyota.
Returning $480,000 per annum, and with the opportunity for more through further required development. This is an A grade commercial property investment.
Built for the future, featuring solar panels and water tanks. This dealership strives for sustainability by offsetting carbon emissions and also reducing its tenants outgoings.
Investment Highlights:
10 year lease commencing 1 July 2021
Annual lease $480,000 per annum
New purpose built premises, built in 2013
Mix of market & CPI rental reviews
Strong tenant servicing the entirety of Northland
Premium location
Sustainable build, with solar panels and water tanks
The modern showroom & office building features large & impressive glass joinery, providing plenty of natural light. Completed to the high standard expected and kept in impeccable condition as required by the Toyota franchise
The service warehouse is large, currently accommodating 17 hoists, and with room for more while still maintaining the functional maneuverability of vehicles within this space. Includes a concreted wash bay at the rear of the property and plenty of yard space. This property has been well designed, well thought out and well provisioned.
The success of the business in the North has generated the need for more space, and a purpose built valet bay is now required along with a mezzanine floor in the workshop for further storage. This will require approximately $400,000 further investment which will be capitalised onto the rent.
Located on Porowini Ave, directly opposite another large car dealership, this property is in the best location for it's tenant and has a large road frontage, providing plenty of premium showyard space.
A purpose built car sales & service premises and yard with 10 year lease in place to Northland Toyota.
Returning $480,000 per annum, and with the opportunity for more through further required development. This is an A grade commercial property investment.
Built for the future, featuring solar panels and water tanks. This dealership strives for sustainability by offsetting carbon emissions and also reducing its tenants outgoings.
Investment Highlights:
The modern showroom & office building features large & impressive glass joinery, providing plenty of natural light. Completed to the high standard expected and kept in impeccable condition as required by the Toyota franchise
The service warehouse is large, currently accommodating 17 hoists, and with room for more while still maintaining the functional maneuverability of vehicles within this space. Includes a concreted wash bay at the rear of the property and plenty of yard space. This property has been well designed, well thought out and well provisioned.
The success of the business in the North has generated the need for more space, and a purpose built valet bay is now required along with a mezzanine floor in the workshop for further storage. This will require approximately $400,000 further investment which will be capitalised onto the rent.
Located on Porowini Ave, directly opposite another large car dealership, this property is in the best location for it's tenant and has a large road frontage, providing plenty of premium showyard space.