Wairau Investment - Multi tenanted with add value
179A, Archers Road, North Shore City
Price On Application
- Proposed Usage
- Floor Area
- 1398.00 m²
- Property ID
Enquire about this property
Central North Shore location, prominent signage exposure, multiple tenancies and add value potential make this an ideal investment.
The 1,398m² property has 6 separate commercial tenants and current contract net rent from 5 of these equating to $261,801.13 pa (annualised rent).
Hold and manage the property to increase value by improving lease terms and rent. Wairau valley vacancy levels are at record low levels.
Owner occupier who can use the office space.
Utilise the Resource Consent and develop the 14 residential apartments along with the commercial tenancies allowed under the consent.
There are multiple options here. A bit of work is required but the vendors recognise this and want it sold!
*Please note this rental is based on a monthly rental and is subject to change.
Call now for further information.
Mike Ryan 021 402 461 | Sam Sherning 021 359 100