UNIQUE LEASEHOLD OPPORTUNITY - 16% YIELD

23, Kalmia Street, Ellerslie, Auckland City

By Negotiation

Proposed Usage
Retail
Floor Area
452.00 m²
Description:
Property ID
1c1znc4

Price guide: $585,000.00 + GST (if any).

AMAZING LOCATION. HIGH EXPOSURE. LONG STANDING TENANTS

• Fully refurbished, stand-alone commercial / retail building
• IEP 70%
• Long standing tenants who benefit from the high passing traffic count
• Annual net income of $93,235 p.a. + GST
• All outgoings paid by tenants
• Building area 452m²
• Ample car parking
• Buildings and rental income (the leasehold interest) is for sale

Refurbished 1950's building, fully leased to established tenants on long leases, returning $93,235 + GST net p.a. with built in rental growth. Located in the established Ellerslie city fringe and convenient to Ellerslie retail precinct and train station. Great exposure to 160,000 plus passing vehicles a day from the Southern Motorway, Main Highway and Kalmia Street.
Sit back and passively collect the rent.

Contact Andrew Clark - 021 500 074 or Nick Wilson - 021 320 5333 today for more information.

For Sale by Negotiation

Andrew Clark
p. 021 500 074
a.clark@barfoot.co.nz

Nick Wilson
p. 027 320 5333
n.wilson@barfoot.co.nz

www.barfoot.co.nz/78267

Enquire about this property

Ellerslie Area