LONG TERM LEASE TO DOWNER - HIGH PROFILE INVESTING

Deadline Treaty

133 and 135 Main South Road and Part 11 Irmo Street Green Island

Listing # 144997 Listed 2 Nov 2017

Otago Realty (NZ) Ltd (Licensed: REAA 2008) - Colliers International, Dunedin's logo
Otago Realty (NZ) Ltd Colliers International, Dunedin

Licensed: REAA 2008

LONG TERM LEASE TO DOWNER - HIGH PROFILE INVESTING
  • LONG TERM LEASE TO DOWNER - HIGH PROFILE INVESTING
  • LONG TERM LEASE TO DOWNER - HIGH PROFILE INVESTING
  • LONG TERM LEASE TO DOWNER - HIGH PROFILE INVESTING
  • LONG TERM LEASE TO DOWNER - HIGH PROFILE INVESTING
  • LONG TERM LEASE TO DOWNER - HIGH PROFILE INVESTING
  • LONG TERM LEASE TO DOWNER - HIGH PROFILE INVESTING
  • LONG TERM LEASE TO DOWNER - HIGH PROFILE INVESTING
  • LONG TERM LEASE TO DOWNER - HIGH PROFILE INVESTING
  • LONG TERM LEASE TO DOWNER - HIGH PROFILE INVESTING
  • LONG TERM LEASE TO DOWNER - HIGH PROFILE INVESTING
  • LONG TERM LEASE TO DOWNER - HIGH PROFILE INVESTING
  • LONG TERM LEASE TO DOWNER - HIGH PROFILE INVESTING
  • LONG TERM LEASE TO DOWNER - HIGH PROFILE INVESTING
  • LONG TERM LEASE TO DOWNER - HIGH PROFILE INVESTING
  • LONG TERM LEASE TO DOWNER - HIGH PROFILE INVESTING
  • LONG TERM LEASE TO DOWNER - HIGH PROFILE INVESTING
  • LONG TERM LEASE TO DOWNER - HIGH PROFILE INVESTING
  • LONG TERM LEASE TO DOWNER - HIGH PROFILE INVESTING
  • LONG TERM LEASE TO DOWNER - HIGH PROFILE INVESTING
  • LONG TERM LEASE TO DOWNER - HIGH PROFILE INVESTING
  • LONG TERM LEASE TO DOWNER - HIGH PROFILE INVESTING
  • LONG TERM LEASE TO DOWNER - HIGH PROFILE INVESTING
  • LONG TERM LEASE TO DOWNER - HIGH PROFILE INVESTING
  • LONG TERM LEASE TO DOWNER - HIGH PROFILE INVESTING
  • LONG TERM LEASE TO DOWNER - HIGH PROFILE INVESTING
  • LONG TERM LEASE TO DOWNER - HIGH PROFILE INVESTING
  • LONG TERM LEASE TO DOWNER - HIGH PROFILE INVESTING
  • LONG TERM LEASE TO DOWNER - HIGH PROFILE INVESTING
  • LONG TERM LEASE TO DOWNER - HIGH PROFILE INVESTING
  • LONG TERM LEASE TO DOWNER - HIGH PROFILE INVESTING

About this property

The subject property is offered for sale as one parcel, or alternatively could be purchased in two individual parcels, as the industrial leased area and the office leased area.

The property is located in an excellent position, being situated on the corner of Main South Road and Irmo Street. Main South Road is the main street of Green Island, giving the property the benefit of profile to good levels of passing traffic. Additionally the yard of the property fronts State Highway 1 giving the property added exposure.

The property is leased by Downer EDI Works Limited with separate 20 year leases (from June 2010) for the office and the industrial areas of the property. The current rental for the office area lease is $387,544.68pa plus GST and the current rental for the industrial area lease is $230,167.92pa plus GST.

The site has a combined total land area of 17,479m2 (more or less - subject to subdivision) with frontages to Main South Road, State Highway 1 and Carnforth Street. The property is currently having a subdivision application processed (further information available on request).

For sale by Deadline Private Treaty closing Wednesday 29 November 2017 at 4.00pm (unless sold prior).


For further information and to access due diligence material, please visit colliers.co.nz/144997 (and then visit the Secure Documents Tab).

View more details at Colliers International

Enquire about this property


Dean Collins photo
Agent
Colliers International
Level 4, 248 Cumberland Street
Dunedin
9016
Dean Collins

Commercial for Sale Industrial Buildings

  • 1.75 ha Land
  • 2,997 m2 Floor

Agents Details

Dean Collins photo
Agent
Colliers International
Level 4, 248 Cumberland Street
Dunedin
9016
Dean Collins