Commercial for sale in Grey, Lot 1&2/195 High Street, Greymouth, 690 m²

Grey, New Zealand, 7805

Commercial

• 690 sqm

195 High Street, Greymouth - a prime freehold motel investment with a proven operator in place and income secured for the next 21 years. Some investments make you work for the return. This one is already doing it. With a long-established operator on the lease through to March 2048, outgoings paid by the tenant, and two-yearly rent reviews built in, this is genuinely set-and-forget income - backed by something you actually own: the land. And what land it is. 1,957m² of freehold ground holding just 536m² of lettable building - meaning the bulk of your value sits in the dirt, not the structure. Room to hold, room to develop, room to grow as Greymouth grows. Total land area - 1,957m² Total lettable area - 536m² Zoning - Residential Environment Area Lease expiry - 28 March 2048 Rent reviews - Two-yearly Outgoings - Paid by tenant Steady income today. A prime land holding for tomorrow. Opportunities like this don't sit on the market long. Contact Richard Cathro, Commercial Sales & Leasing Specialist at Cathro & Co Real Estate - a branch of eXp New Zealand Licensed REA 2008