INVESTOR SPECIAL $595,000
19/1904, Great North Road, Avondale, Auckland City
- Proposed Usage
- Floor Area
- 106.00 m²
- Property ID
• Asking $595,000 - showing a 6.1% return!
• Fully Leased returning $36,400 net p.a. with built in rental growth
• Strong Tenant Covenant
• Long lease with final expiry 2nd March 2023
• New Freehold 98m² Unit
This fully leased ground floor freehold unit is located in the recently completed 1904 Great North Rd apartments. Strategically located approximately 10 minutes drive from central Auckland and occupied by Harcourts Avondale trading as Shelter Reality Limited.
The subject property is located in the central Avondale strip retail shopping precinct. This location has been positively impacted by the significant infrastructure projects completed such as the Waterview tunnel and new motorway interchange, which has dramatically improved access and accessibility to Auckland Airport and Central City.
With an easy walk to the Avondale train station and close proximity to State Highway 20, State Highway 16 on-ramps and the Waterview tunnel, this freehold unit sits in a prime and rapidly evolving location - enquire for an exclusive information pack now!