UNIQUE LEASEHOLD OPPORTUNITY - 16% YIELD
23, Kalmia Street, Ellerslie, Auckland City
- Proposed Usage
- Floor Area
- 452.00 m²
- Property ID
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
p. 021 500 074
p. 027 320 5333