Freehold titled storage units
With the attraction of residential investment/ownership wavering in response to increasing interest rates, these low-maintenance storage units provide a cheap and low-entry investment/ownership opportunity into industrial property.
The freehold title arrangement makes each storage unit suitable for lending purpose, from either a retail bank or a second-tier lender. Preliminary valuation figures suggest each unit could achieve a gross yield return of 5.3% on the unit's sale price, exclusive of OPEX costs and insurance.
There is potential for increasing the unit's sale value by constructing a partial mezzanine floor area located either along the back wall or side wall of each unit, subject to the desired configuration of the mezzanine floor area.
The owners have already lodged for consent and aim to have the development completed and delivered by Q4 2022 just in time for Christmas.
Download the marketing pack from https://www.propertyfiles.co.nz/property/26Hannover
Complex Features and Amenities:
• Priced from $249,000
• Fee Simple titles - providing potential for asset lending
• Toilet facilities
• 3.2m x3.6m roller door
• Paving, kerb and channel (common area lot 12)
• Fully landscaped as per plan
• 70sqm-86sqm floor plans
• Located 2.5km to Rolleston Square
• 20 minutes to the four avenues
• 22 minutes to Chch airport
Location | You will be in the bustling industrial zone just minutes drive to Rolleston Square and with easy access to the southern motorway.
Contact Alex from People & Property for any further queries or to secure a unit off the plan with as little as a 10% deposit today.