Rarely available Parnell retail/office

29b, Bath St, Parnell, Auckland City

By Negotiation

Proposed Usage
Floor Area
139.00 m²
Land Area
175.00 m²
Property ID

* Invest, occupy, develop
* Approximately 139sqm freehold commercial unit with 1 exclusive car park
* Current contract net rental of $42,000 + GST per annum
* Primly located in the sought after Parnell
* Opportunity to convert this property to residential (subject to resource consent)
* Well-present retail with high ceiling

This tenanted investment represents an unique opportunity in the highly sought after Parnell precinct, which is a convenient city fringe location within a 8 minute drive to Downtown. Easy walk to the Parnell Road shopping area containing a large concentration of cafes and restaurants. In addition it has quick access to both the north-south SH1 and north-west SH16 via strand.

Nicely renovated to a high standard for the tile business use currently with built in kitchenette, toilet, and existing pipe. Current net rental income is $42,000 + GST till July, 2019 with another 2 year ROR, favourable 'commercial 8C' zoning provides a wide range of attractive development prospects.

This is an extremely rare opportunity in this location , All astute investors, developers and occupiers must inspect.

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Parnell Area