Well leased investment - vendor wants sold
127, Kapiti Road, Paraparaumu, Kapiti Coast
Price On Application
- Proposed Usage
- Floor Area
- 210.00 m²
- Land Area
- 395.00 m²
- Property ID
The popular Rangoli Restaurant was established over 10 years ago and this is set to continue with the tenant taking their next right of renewal early meaning there is now a lease in place through to November 2023 with ROR through until November 2038.
The property is located mid way along Kapiti Road and has excellent parking, by a busy Intersection, just 100m from the expressway.
The overseas vendor wants this property sold and will look at all reasonable offers so now may be your chance to secure investment on property along this busy strip of Kapiti Road.
â¢ Freehold title & 90% NBS
â¢ Good 5 year lease returning $54,500pa net
â¢ Building area 210sqm