Chunk of Invercargill shopping area for sale
A sizeable chunk of retail and commercial space in Invercargill's Windsor suburban shopping area is for sale.
Colliers International commercial and industrial broker Mark Simpson said the complex, fully leased to a strong mix of tenants, including EAT, Subway and Found My Way, had been placed on the market.
The freehold property has a land value of $412,000 and capital value of $2.885 million and is for sale by deadline private treaty. The centre was built in 2007 as a joint venture between developer Russell Cunningham Properties and the Jordan family.
Twelve tenancies with varying lease terms provide total net rental income of $284,461 a year, with the complex anchored by Subway International on a new 10-year lease.
The deadline private treaty closes at 4pm on Thursday, July 24.
The Southland Times