CHAMPAGNE INVESTMENT

1228, Dominion Road, Mount Roskill, Auckland City

Auction

Proposed Usage
Retail
Floor Area
238.00 m²
Description:
Property ID
1btb5wl

One superbly positioned property that consists of 159m² of town centre zoned land with dual access. The improvements consist of a 238m² building with retail at the ground level and an additional basement level accessed from internal stairs and at the rear. The zoning allows for commercial or residential use.

The property is currently leased to a licensed alcohol store trading as "Scorpion Liquor" providing a passing net income of $38,848.88 plus GST and outgoings. The tenant is well entrenched with their expensive fit out including a built-in freezer and liquor license (attached to the property), which is becoming harder to gain. Adding to this, there is huge upside in the rental with the next market rent review in August 2018.

A huge benefit to the Mt Roskill and surrounding area will be the completion of the extension of State Highway 20 from Mt Roskill through to Point Chevalier, which will add another blood line into the Mt Roskill area. This will create more activity increasing the business economy in the area. This along with the planned upgrade of Dominion Road as a main arterial all bodes well for the future of Dominion Road.

An information pack is available on request. For a viewing please make contact to arrange a time.

• Freehold investment
• Room for improvement in rental
• Entrenched tenant
• Commercial/residential uses
• Growth area

Enquire about this property

Mount Roskill Area