Land Area: 404 m2 (more or less)
Building Area Shop floor 309 m2, Cafe/Office 70 m2, Mezzanine 15 m2.
Rates: Not yet assessed for 2018/2019 year.
Right to park, access & load. Rental payable to Timaru District Council $2,075.00 pa (inclusive of GST).
Tenant: Topbike NZ Limited
Net Rental: $68,395 pa plus GST plus outgoings.
Current Term Expiry: 1 October 2021
Rights of Renewal: One further term of 4 years
Final Expiry: 30 September 2025 (subject to renewal)
Rent Reviews: Two yearly.
Offers over $1,050,000 plus GST (if any).