6-10 Nikau Street is a 903m² freehold parcel, is zoned Mixed Use and Grammar zone with broad frontage to Nikau Street. The elevated position enjoys views to the south and west making the site suitable for residential development, as is the case with similar sites nearby.
The circa 900m² building was completed in the 1980's and is of concrete and steel construction with seismic rating of 70% of New Build Standard. The upper level has four access points including dual roller doors; this level has office and warehouse space with a generous stud-height that could be better utilised. The lower level has vehicle access and is used as warehouse and additional car parking, it also has roller door access to a gravelled area 10 x 30 metres which could be used for further parking or building addition.
The occupant is paying $150,000 plus GST and outgoings until 12 September 2016, they have indicated they could be flexible with their tenure. This lease arrangement gives plentiful time for an investor to find a new tenant whilst also opening the opportunity for forward thinking owner occupiers or developers.
This is a great property in a strong location worthy of closer consideration - contact now for details.