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Gisborne

306 Gladstone Road, Gisborne, Gisborne

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817sqm Land area SQM
800sqm Floor area

Price drop!


Superbly located in the fringe commercial precinct of Gisborne's CBD and surrounded by several large national tenants, sits this very well-appointed property. Home to the multinational Jetts 24 Hour Fitness and further bolstered by three residential units above, which have never been unoccupied, this is a prime split risk investment looking for its new owner.

With strengthening works just completed, it now boasts a 70% NBS rating and has also had the residential units brought up to Healthy Homes Standard, on top of all this there are 12 off-street car parks.

Here is your opportunity to purchase a low-risk property to start or add to your commercial investment portfolio.

• Annual rental income: $136,417.88 + outgoings.

Boundary lines are indicative only

Asking Price NZ$1,650,000 + GST (if any)
Mike Florance

Mike Florance


Bousfield Macpherson Ltd, Bayleys,
Licensed under the REA Act 2008

Features

Anchor tenant:


Jetts 24 Hour Fitness.

Apartments:


3x residential apartments.

Location:


Fringe CBD location surrounded by a number of national tenants.

NBS rating:


Recent strengthened to 70% of New Built Standard.

Parking:


12 off street parking for tenants.

Rental income:


Annually $136,417.88 + outgoings.