150 G Kaikorai Valley Road, DUNEDIN
This affordable commercial investment features an outstanding long-term tenant and a building in a desirable location with an earthquake rating well above the required 33%NBS.

The tenant Roslyn Mowers & Heating is an established Dunedin business with a loyal customer base spanning several generations. For more than 40 years they have been selling and servicing lawn mowers and outdoor power equipment, and are now well established in home heating, selling and installing wood fires. They have occupied the current building for approximately 20 years and are committed to staying there well into the foreseeable future. Further information on this business is available from the website: http://www.roslynmowers.co.nz/

A new lease is currently being finalised with the following terms:
Term: 12 years
First Period: 6 years
Rights of Renewal: 2 x 3 years
Rental: $26,400 plus outgoings (100%)
Rental Reviews: CPI at years 3 and 9, higher of CPI or market at year 6.

Annual rental of $26,400 equates to almost 9% NET return! Inquire now. This will not last long.

For Sale: $295,000