Wellsford Commercial Investment Gem

273-275, Rodney Street, Wellsford, Rodney

By Negotiation

Proposed Usage
Retail
Floor Area
300.00 m²
Description:
Property ID
1bzxxgh

The two adjacent sites at 273 and 275 Rodney St were originally two separate properties before the buildings were expanded and combined to form one larger premises across the two titles. The building comprising 300m2 (more or less) is tenanted by it's current owner and operates as Biltong Plus, a retail business for South African products plus a cafe. The owner now wishes to free up some capital so has made the decision to sell the freehold properties. They wish to retain their business in the premises and consequently have signed a new 3 year lease with additional rights of renewal.

The property is currently returning $46,800pa + GST.

Investment attributes of this property include:

• A standalone fee simple commercial investment across two titles
• Future potential to develop or utilise the properties for either commercial or residential use, individually or together
• High visibility on State Highway 1
• One of the fastest growing regions in New Zealand

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Wellsford Area