WELL LOCATED RETAIL INVESTMENT

123, Onehunga Mall, Onehunga, Auckland City

Auction

Proposed Usage
Retail
Floor Area
118.00 m²
Description:
Property ID
1c00skg

The property at 123 Onehunga Mall sits on a freehold land parcel of 126m² with a height limit of 27 metres under the current zoning regulations. The floor area for the building is circa 118m² over one level, with new roof installed in 1999 along with dual access out the back and carpark.

The location of this property is second to none. It sits in a prime location being less than 100 metres from the Onehunga Train Station and circa 600 metres from the Neilson Street interchange on SH20. The Waterview connection means this property is very easily accessible for all.

The property provides a passing net rental of $24,700 plus GST per annum with rental growth built in. The tenant is well entrenched in the property with their expensive food grade fit-out. The tenant has been operating at the property since 2010 with success. With an established business and rental growth, this tenancy should not miss a beat.

Don't miss this opportunity to buy an entry level property with huge rental upside and growth.

Full information pack available on request. Viewings can be arranged during operating hours.

Key Features:
• 126m² freehold title
• 27 metre height limit
• $24,700 plus GST rental
• Entrenched tenant
• Carpark at rear
• Right next to train station
• Rental growth

Enquire about this property

Onehunga Area