180 Glenda Drive, Queenstown

It is a privilege to offer this rare ground floor commercial investment located in the heart of Frankton, Queenstown. Situated close to main arterial routes in a sought-after central industrial location, just minutes from Queenstown, and Arrowtown this attractive building is situated on approximately 950 sq m of land with off street carparking and two established and reputable tenants who combined utilise approximately 587 sq m of internal space. Returning $119,000 pa net plus GST and OPEX, this offering feature's two 5-year leases plus further right of renewals, as well as annual rental increases and market reviews. The building constructed circa 2004 consists of pre-cast concrete panels, corrugated colour steel and structural steel support beams throughout for ease of management along with a mezzanine floor comprising of a meeting room and kitchenette. Without doubt this property offers very generous storage/warehouse space ensuring multi- purpose options in the future. Contact David today for further information or to arrange for a personal inspection.