Get down to Bedrocks

15, Waterloo Road, Lower Hutt, Lower Hutt

Auction

Proposed Usage
Retail
Description:
Property ID
1c2fkdf

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.

• The lease - 5 years plus Rights of Renewal
• The rent - $90,000 pa gross making it $79,813pa net
• The tenant operators - One of Wellingtons most experienced
• 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.

Enquire about this property

Lower Hutt Area