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12 Irmo Street

Otago
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12 Irmo Street Otago
proudly marketed by
Colliers International
The property is located in a prominent position, being situated on Irmo Street, off Main South Road (the main street of Green Island). The site also fronts State Highway 1, giving the property the benefit of excellent profile and exposure to high levels of passing traffic. The site has a total land area of 14,975m2 (more or less) with frontages to Irmo Street (off Main South Road), State Highway 1 and the motorway off-ramp (no direct vehicle access from State Highway 1 or the off-ramp). The property is to be leased to Downer New Zealand Limited, part of the Downer Group, a listed tenant, on a new 8 year lease, at a rental of $200,000pa plus GST (net) with structured rent reviews. There is also a second truck wash lease on a small portion of the property. Seldom do freehold industrial land opportunities located in profile positions such as this come available for purchase in the local market. For sale by Deadline Private Treaty closing Wednesday 9 December 2020 at 4pm (unless sold prior). Contact the nominated broker for more information.
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Upload by Ewen Livingstone
Otago and Southland
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