HIGH YIELDING RETAIL INVESTMENT

Otahuhu, Auckland City

By Negotiation

Proposed Usage
Retail
Floor Area
517.00 m²
Description:
Property ID
1bswvqw

FOR SALE BY DEADLINE PRIVATE TREATY CLOSING 4:00PM, THURSDAY 23 MARCH 2017 (unless sold prior)

Brilliant chance to purchase a highly desirable freehold retail investment smack bang in the centre of Otahuhu retail strip. This site has been home to Relon Trading NZ LTD for the last 10 years. The premises has a prime retail frontage with very high foot traffic count and also benefits from street parking directly in front of the shop and can also be accessed from the rear. The site consists of ground floor retail outlet with first floor storage facility which could also double as residential accommodation.

This property is to be sold as a leased investment, the current lease provides good rental growth with built in rent reviews every two years, currently the property generates a rental income of 128,000 nett pa plus gst.

Key Features
• Proven retail site of circa 517m²
• Located directly in the centre of Otahuhu's retail strip
• Leased to an established tenant
• Realistic yield expectations

Enquire about this property

Otahuhu Area