Investment Opportunity

60 Russell Street, Alexandra is a combination of office, showroom and warehouse space, currently leased to a well-recognized NZ wide tenant.

The property is well located benefitting from good access and proximity to State Highway 85, and State Highway 8, with dual access off Russell Street and a service lane at the rear of the building.

The buildings a steel portal frame, concrete walls and concrete foundations and slab built circa 1977 with substantial addition in 1980 and ablutions added in 1984. There has been recent external painting and re-decoration to the main showroom space along with a new bathroom.

The lease term is a 5 years (commencement date is 1st March 2023) with a right of renewal for further term of 5 years.

This is a great investment opportunity showing good returns with a very strong tenant.