Chunk of Invercargill shopping area for sale

Last updated 12:07 20/06/2014
Windsor

ON THE MARKET: The retail and commercial block for sale in the Invercargill suburb of Windsor.

Relevant offers

Industries

Migration boom tops 50,000 for first time NZOG expects low oil prices to continue Pyne Gould admits profit gap Lincoln plant to hurry foods to market Direct link from Christchurch to Guangzhou Megaliners head to NZ Supply of low-equity home loans jumps Briscoes says cost control leads to higher profit forecast NZ dairy exports continue to dive Pacifica Shipping launches new container vessel

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.

Ad Feedback

- The Southland Times

Comments

Special offers

Featured Promotions

Sponsored Content