DECLARED RESERVE $695,000 (7.15%)!

2/1978, Great North Road, Avondale, Auckland City

Auction

Proposed Usage
Retail
Floor Area
139.00 m²
Description:
Property ID
1btvybh

Long established Post & Stationery shop along Avondale's busy Great North Road shopping precinct is now up for sale. This high exposure ground floor freehold unit is fully leased returning $49,735 net p.a. Final expiry in May 2027 making this a passive income supported by strong tenant covenant.

The retail shopping precinct on Great North Road has been positively impacted by intensive residential development around the Avondale Racecourse and the significant infrastructure projects currently underway, specifically the new motorway interchange that will dramatically improve access and accessibility to Auckland Airport and the central city. With an easy walk to the Avondale Train Station and close proximity to State Highway 20 & State Highway 16 on-ramps, this freehold unit is in a prime and rapidly growing location.

Declared Reserve $695,000, which is 7.15% net yield! Don't hesitate - call us now for a detailed information memorandum.

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Avondale Area