Long Lease - Blue Chip Tenant

• Rectangular shaped site with a land area of 1,012m2
• Original building constructed in the 1950's with latest addition built circa 2010
• The building has been strengthened to a minimum 67% NBS
• Building area approximately 378m2
• Ranfurly is the principal services centre for the surrounding Maniototo district
• Lease term 10 years from settlement
• Rights of Renewal - five rights of three years
• Rent review every two years during initial term of lease based on CPI to a maximum of 6%
• Commencement rental $35,670 per annum plus GST
• Outgoings payable by tenant