7 Halbert Road, Makaraka, Gisborne
price TBC
1,980m2
500m2
Commercial investment property
Due to the owner's retirement, this property located in the busy Makaraka industrial area is for sale by auction. The property located on a 1980 square metre land parcel leased from the East Coast Museum of Technology on a thirty three year term with the whole property subleased to Fire and Emergency New Zealand. The building comprises approximately 500 sq metres on the ground floor with 240 sq metres of mezzanine. The Makaraka industrial area is located only a short distance from the City boundary and includes transport and distribution, farm supplies, fuel, storage facilities. The building is in generally good condition and should be easy to lease should the existing tenant ever relocate. With a substantial shortage of warehouse/workshop space in the district, this property is something an astute investor should consider.
Chattels
7 Halbert Road, Makaraka, Gisborne
Web ID
GIC14504
Floor area
500m2
Land area
1,980m2
District rates
$3071.06pa
LV
$200,000
RV
$510,000