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Back 63 Clyde Street
Off Market

63 Clyde Street

Whangarei Northland

Warehouse
Last sold for $1,260,000
John HaseldenJohn Haselden, last sold this property on 05 April 2022 after 63 days on market.

Overview

Central Tenanted Investment

Tidy central investment with a long standing tenant. Returning $56,258 per annum, and with CPI at the end of 2022 when a right of renewal also falls due. There are four further rights of renewal taking the lease through to December 2037, with market rent reviews at each renewal. A mix of showroom, workshop, mezzanine offices and covered carparks, this 1960's concrete block workshop with a building score in the order of 70% NBS, is a versatile building that is well suited to its current tenant, and others if need be. This property has excellent access, with roller door & covered parking access to Clyde Street, and roller door access to the service lane at the rear. The building is in a very tidy condition, with a new roof installed in 2018 and recent external paint of the front & rear facades. Investment highlights: • Long standing tenant • Returning $56,258 per annum • CPI rent review at the end of this year - providing immediate growth • Market rent reviews every 3 years • Excellent location • Adaptable building • NBS score in the order of 70% Please note: My Vaccine Pass verification is not required to view this property. For sale by Auction, 5:00 pm Wednesday 6 April (unless sold prior). Our auctions are conducted online only. Register to bid and/or watch the auction live with GAVL (click 'follow listing' to be notified when the auction goes live). https://x5u9a.app.goo.gl/dYNm

Features

Warehouse

Estimated Value

We need at least 3 similar warehouses sold in Whangarei over the last 12 months.

Property history for 63 Clyde Street

2022
Sold
$1,260,000
Auction Sale on 05 Apr 2022 by John Haselden, of Ray White Whangarei (Goode Leith Realty Limited)

Happy sellers in Whangarei

87%
87% of sellers in Whangarei reported that their sale price either exceeded or met their price expectations.

Whangarei stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Whangarei over the last 12 months.

Local market activity for warehouses in Whangarei

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