Central City investment

This will be an appealing option for investors looking to add to their portfolio. The property is located at 2 Rutland Street adjacent to the UCOL campus, Whanganui, within this fast developing area of the city`s art heart. A seismic retrofit has just been completed on the building and the Whanganui District Council has commenced as the tenant and business operator of the New Zealand Glassworks, with a 9 year term lease. Comprising of a showroom, office, large viewing mezzanine and sales gallery. Lower level operations incorporate the hot shop with kilns plus cold room with wash-down facilities and work area. Specialist tenant fitout includes furnaces. Net annual rental $58,000 plus GST with 3 year market reviews. Building for sale by negotiation. Call Gil or Lee for a confidential discussion on this opportunity. Gil 021 326 956 or Lee 021 705 657

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