New 20 year lease to blue chip tenant
902 Sylvan Road, Hastings
About the propertyLand Area: 0.16 ha
•Iconic Hawke's Bay corporate tenant
•Superbly constructed with low maintenance, excellent seismic rating
•$200,000pa + GST net rent with long term excellent growth prospects
•Excellent location across road from beautiful park
This property provides highly sought after accommodation for the prized RSE workers employed by one of Hawke's Bay's leading horticulture / agricultural businesses. Providing 80 bed approximately capacity, the property has been built to the highest specifications with very low maintenance materials and concrete hard stand yard. All units (both first and ground) have balcony or verandah.
The lease provides initial 20 year term plus renewals with all outgoings paid by the tenant including rates, insurance and internal and external maintenance. Fully consented by all regulatory authorities.