FIRST CLASS RETAIL INVESTMENT
513, Sandringham Road, Sandringham, Auckland City
- Proposed Usage
- Floor Area
- 153.30 m²
- Land Area
- 240.00 m²
- Auction Date
- 11:00 - Apr 12, 2017
- Property ID
- Immaculately presented, freehold standalone investment
- Fully leased providing attractive cash flow of $87,381 pa
- Mixed use building - retail plus refurbished 3 bedroom flat
- Prominent position in the thriving Sandringham retail precinct
This well presented, high profile property offers a fully leased, split risk investment in the thriving
suburb of Sandringham.
A long established business provides a 4 year lease (plus rights of renewals) on the ground floor of $58,261 pa net + GST, plus the recently refurbished first floor residential flat, provides a further $29,120 pa. These two tenants provide split risk and diversified cash flow.
Do not miss this superb investment opportunity! Contact the sole agents now for a full information pack.
Auction 11am, 12th April 2017 (unless sold prior)