Quote Originally Posted by JBmurc View Post
many of the PGG Wrightson properties up for sale in the deep south 6yr fixed lease 5+5 rights

ticks most of my boxes .....what you reckon F.P ??

http://www.trademe.co.nz/property/co...1080115099.htm
Looks like a sale and lease back. I would be wary of Tapanui, it would frighten me, only because I know nothing about the place, except it seems a long way off the beaten track - but is there any other users or uses for the building in 6 years if Wrightons vacate? Remember the rights of renewal favour the tenant but are not in your interests. (The tenant is not committed - but you are until the tenant decides whether or not he will exercise his rights)
The building is obviously good but I know so little about the area that I'm not the right person to ask. Sorry I'm not much help with this one.