26 McNulty Road, Cromwell Split-risk investment on a corner-site

Available PropertyFiles:

  • Deed of Lease and Assignment for Vape Shop.pdf
  • Deed of Lease dated 12 November 2024 - Car Sales Yard.pdf
  • Deed of Renewal, Rent Review and Variation of Lease dated 17 February 2023.pdf
  • Deed of Renewal, Rent Review, Variation and Grant of Lease dated 2 March 2026.pdf
  • Dough Sea Dough Lease - bakery .pdf

Property Description


• Freehold investment fully leased to three established tenants returning $151,000 net p.a.
• Fee simple site measuring 2,500sqm (more or less) positioned on a prominent corner-site
• Modern retail & office improvements totalling 335sqm approx.
• Industrial Resource Area zoning

26 McNulty Road is a split-risk investment opportunity centrally positioned in Cromwell on a high-profile corner site.

Fully leased to established tenants Dough Sea Dough Bakery, Vape City and Southern Wholesale Cars & 4WDs and returning a combined $151,000 net p.a. with a near-3 year weighted average remaining lease term.

Comprising 335sqm approx. of modern retail improvements constructed in circa 2007, the property presents an uncomplicated investment opportunity with clear future development potential.

Underpinned by a 2,500sqm (more or less) Industrial zoned landholding, positioned on the corner of Ree Crescent and McNulty Road, Cromwell’s main thoroughfare through the industrial estate providing strong exposure to passing traffic.

For sale by Negotiation. Purchase price plus GST (if any).

Contact the Sole Agents for further information.

Henry Napier
+62 21 024 64 785
henry.napier@bayleys.co.nz
William Gubb
+64 21 145 6811
william.gubb@bayleys.co.nz

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Contact Henry Napier

Queenstown and Southern NZ Realty Ltd

Licensed REAA 2008

+64 3 450 0200   +64 21 024 64785   henry.napier@bayleys.co.nz   All Listings

Henry Napier is an Associate Director at Bayleys Queenstown and Cromwell specialising in Commercial, Industrial and Development Land sales.

Since joining Bayleys in 2016, Henry has transacted over $100m worth of commercial, industrial, and development land assets throughout New Zealand.

He now specialises in investment and development land sales equipped with a deep knowledge of the intricacies of the Queenstown and wider Central Otago market.

This blend of experience and results has produced a notable track record of record prices and yields and a reputation for being able to conclude complex and challenging transactions.

Covering commercial, industrial, development land, master planned developments, sales & leasing. If you have property requirements in these categories, get in touch with Henry.