Property Description

Positioned within Alexandra's industrial precinct, 33 Russell Street presents an opportunity to secure a tenanted industrial investment generating $48,000 per annum plus OPEX and GST. The property is leased to well-established local joinery manufacturer, Central Benchmakers, on a new three-year lease commencing 1 April 2026, providing investors with secure holding income from day one.

The property comprises a versatile industrial facility incorporating workshop, warehouse, showroom, office and staff facilities. Purpose-built for manufacturing operations, the building features high-stud workshop space, practical access, storage areas, prominent street-front showroom and generous yard/car parking. Located within one of Central Otago's industrial hubs for the growing region, this offering represents an affordable entry point into the commercial investment market.

Investment Highlights

• Established tenant - Central Benchmakers
• Net rental income of $48,000 p.a. + OPEX + GST
• New three-year lease commencing 1 April 2026
• Functional workshop, warehouse, showroom and office configuration
• Well-located within Alexandra's industrial precinct
• Affordable industrial investment opportunity
• Indicative yield of approximately 6.85% at the asking price

Asking Price: $700,000 plus GST (if any)

For further information or to arrange an inspection, contact the sole agents, Dean Collins and Anna Rawling.