Strengthened suburban gem on main arterial

110, Kennedy Road, Marewa, Napier

Auction

Proposed Usage
Industrial
Description:
Property ID
1c2fwsc

This suburban commercial property has all the ingredients of an excellent entry investment. Having just been seismically strengthened with full tenancy the location is within the popular Marewa Shopping Centre - a well established shopping complex with excellent car parking and just a few minutes drive from the CBD. The ground floor is home to the long established, Asian-style restaurant Canton Wok, with a current lease term to July 2020 and final expiry in 2023. The very tidy upstairs area has full amenities and is currently occupied. This space holds a range of potential use options.
- Recently strengthened to approximately 80% NBS (New Build Standard)
- Currently net income of approximately $26,692 p.a.
- Great rental upside
- High visibility in one of Napier's busiest traffic locations
- Ideal entry level investment opportunity

Our out of town client's instructions are clear - get this sold!

For sale by way of auction (will not be sold prior) 2pm, 26 July 2018, The Daily Telegraph Building, 49 Tennyson Street, Napier, New Zealand..

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Marewa Area