Property listing ID: 4123444
• Returning $170,000 net per annum, with 3% annual increases • Long-term four-year lease, underpinned by a strong tenant covenant • Stunning 300m² character freehold building, including a 40m² deck with views • Favourable earthquake assessment at 70% NBS Positioned at 19 Drake Street, this premium historic investment property enjoys excellent profile and is fully leased to Partly Group Ltd. The lease includes fixed annual increases of 3% and is supported by a substantial bank guarantee of $170,000 + GST. The building also benefits from a favourable earthquake assessment of 70% NBS. A secure, high-quality investment with rental upside in a strong and emerging central location - an opportunity not to be missed.
Listed by Barfoot & Thompson , Reese Barragar (City Commercial)