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Well known business of Carters trading from this central Invercargill location. 80 metre north frontage to Forth Street with rear access at the south from Tyne Street. Great ratcheted lease for landlord/investor to have certain rental increases. Great investment here in the deep south. Positive future for the province based upon possible big projects; Silica plant, onshore and offshore oil and gas. Briquet plant has consent issued.
Currently approx. 10% net return. Market rent review at each renewal date plus a minimum of 3% annual increases every other year. Landlord advises the Tenant has verbally indicated they intend to renew the lease for another 6 years. (*approx.)
Call Bryan Ashworth 021 212 9308 for further information.
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