Aerial · LINZ aerial
Title boundary · 507 m² · LINZ
Unclaimed

2 Avon Street, Gore

Gore District

$999,000 Plus GST (if any)

  • 230m²
  • 1,093 m²
  • Industrial

Industrial investment - national tenant

Appealing price adjustment to meet the market

$999,000 plus gst (subject to final survey)

•Leased to an established business returning $66,000 GST + outgoings •Functional industrial building suitable for a variety of uses •Desirable location with huge exposure •Large freehold site Positioned in a high-profile location, this is a rare opportunity for investors to secure an affordable industrial investment that is underpinned by an established national tenant. The building comprises a total floor area of 230sqm (more or less) of predominately high stud warehouse accessed via multiple roller doors. Additionally, the tenants benefits from the ample onsite parking and excellent visibility onto Hokonui Drive. Leased to Smith and Smith Glass, the property currently leased on a three year lease term (3+3+3) returning an annual net income of $66,000 + GST + outgoings. This is an desirable opportunity for astute purchasers looking to secure a fundamentally strong investment property in an excellent location, all investors should consider. Further opportunity to expand here (subject to final subdivision).

Capital value
$195,000
DVR · 1 Jul 2022
Land value
$59,000
DVR · 1 Jul 2022
Improvements
$136,000
Capital less land

The council's capital value of 2 Avon Street is $195,000 as at 1 Jul 2022: land $59,000 and improvements $136,000.

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Home expense estimates

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Property data

  • Land area506 m²
  • Parking6 car spaces
  • Property categoryUse not published
  • CouncilGore District
  • Valuation #29800-84401
  • Valuation date1 Jul 2022

From the council’s rating records and the other sources noted on hover. Bedrooms and bathrooms may come from a past listing. Built is the decade the valuer records.

Title and land

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  • Title numberSL224/17
  • Title typeFreehold
  • Legal descriptionLot 1 Deposited Plan 5808
Registered instrumentsChecking the register… See the title summary →

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Getting around

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Building consents

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Zoning and hazards

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About Gore

Gore District
3,543
Properties on the rating roll
1 Jul 2025
Last council revaluation
Buyer demand

5 people looked at properties in Gore this week.

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