HEALTHY NEWMARKET INVESTMENT

96B, Carlton Gore Road, Newmarket, Auckland City

By Negotiation

Proposed Usage
Retail
Floor Area
578.00 m²
Description:
Property ID
1bzqc04

FOR SALE BY DEADLINE PRIVATE TREATY CLOSING 4:00PM, THURSDAY 2 NOVEMBER (UNLESS SOLD PRIOR)

This well located property comprises 578.76m² over two levels with 18 secured car parks.

The property is 100% leased returning $271,800 net from three tenants with a weighted average lease term of 8 years.

The ground floor is leased to a Flex Fitness franchise on a 10 year lease which commenced 1 May 2017 with strong financial guarantees and fixed rent increases every two years. Flex Fitness is a fast growing franchise with 13 locations throughout New Zealand with another seven underway.

KEY FEATURES
• Excellent Newmarket location on main road
• 578.76m² over two levels plus 18 secure car parks
• $271,800 net income plus GST and outgoings
• WALT 8 years
• Call now for more details

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Newmarket Area