February 23rd, 2017 5:22 PM by Nour Ailan
Located in the greater Wellington region, this offers a secure investment with a first term of 10 years, and 3 x 5 year options. Take comfort from the fact the tenant is an experienced operator with a small portfolio of centres.Annual rental is $61,000 + GST, and 100% of outgoings paid by the tenant.Rent reviews commence in 2019, and are based on CPI or 1%, which ever is greater. There is also provision for a hard ratchet at Market Review.
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