Bell Block, Bell Block, New Plymouth

Split Risk on Corbett Road

* Currently returning $129,000 net rental\n* Fully tenanted investment\n* Split risk investment\n* Bunnings have just renewed.\n\nThe complex comprises two separate tenancies on one substantial freehold site in Bell Block, the heart of New Plymouth's industrial precinct. \nBunnings operate a trade store from the premises, and is the anchor tenant contributing approximately 74% of the total net income. Bunnings have exercised their right of renewal plus their building was recently graced with a new roof. (The scaffolding has just come down). \nAt the rear of the site, AKA Holdings Limited operate a scrap metal business contributing the balance of the $129,000 net rental. \nHolds a current building Warrant of Fitness.