Modern Investment Established Tenant

B/38, William Pickering Drive, Albany, North Shore City

Price On Application

Proposed Usage
Retail
Floor Area
212.00 m²
Description:
Property ID
1c0rt7t

Favoured by the vendor as the Sole Agents, Bayleys is pleased to present to the market Unit B, 38 William Pickering Drive, Albany.

Returning $40,000pa + GST this investment opportunity represents a fantastic offering comprising an established tenant that has been in occupation since the completion of the complex. A modern development on one of Albany's commercial precinct's main streets, this is a proven location making for a sound investment option to get your money working for you.

The unit itself has a functional layout comprising a logical mix of showroom, mezzanine, and storage and has rear access through a back roller door. With vacancy rates across the area at historical lows, subsequent tenant demand has stimulated significant rental growth for units of this nature which is yet to be recognised.
This demand, lack of greenfield development sites and cost of construction all adds up to an affordable opportunity that you will struggle to replace in the future.

For further information please don't hesitate to contact the Sole Agents today.

Deadline Private Treaty (unless sold prior)
Closing at 4pm, Thursday 8th March 2018
29 Northcroft Street,
Takapuna, Auckland..

Enquire about this property

Albany Area