Long Lease - Blue Chip Tenant

• L shaped site with a 20 metre frontage to Main Street
• Building was constructed in the 1960's
• The building has been strengthened to a minimum of 67% NBS
• Methven is a popular resort settlement located at the base of Mount Hutt
• Building areas (approximate): Showroom/amenities 203m2 and bulk store 305m2
• Lease term ten years from settlement
• Rights of renewal five x three years
• Rent review every two years during initial term of lease, based on CPI to maximum of 6%
• Commencement rental $49,750pa + GST
• Outgoings payable by tenant