Get down to Bedrocks
15, Waterloo Road, Lower Hutt, Lower Hutt
- Proposed Usage
- Floor Area
- 302.00 m²
- Auction Date
- 11:00 - Aug 16, 2018
- Property ID
Run by one of Wellingtons most experienced hospitality operators, Bedrocks is a well established and popular local watering hole.
Well leased with personal guarantees at a rental of $90,000 pa gross plus GST, leaving a net return of $79,813 net plus GST.
Central location is key to its success, having been a hospitality site for as long as many can remember.
The property is superbly maintained and well sized at 302sqm, with an outdoor area of 170sqm; all of which making it totally fit for purpose.
â¢ The lease - 5 years plus Rights of Renewal
â¢ The rent - $90,000 pa gross making it $79,813pa net
â¢ The tenant operators - One of Wellingtons most experienced
â¢ All supported by - 18 gaming machines help pay the rent
As icing on the cake, the tenants business is supported by the profits from 18 gaming machines, further securing the tenants position.