Trophy Remuera Village Investment
373, Remuera Road, Remuera, Auckland City
- Proposed Usage
- Floor Area
- 598.32 m²
- Land Area
- 328.00 m²
- Auction Date
- 11:00 - Dec 05, 2018
- Property ID
- Prominent Remuera Road freehold investment opportunity
- Fully leased returning $201,434 + GST p.a. with attractive long-term leases
- High profile ground floor retail with modern offices above
- Go ahead area with exciting redevelopment plans for the neighbourhood
- A beautifully presented Remuera Village investment not to be missed
Investments of this calibre rarely come to the market. The property occupies a prominent position in the tightly held Remuera Village, a sought-after commercial precinct surrounded by one of Aucklands most established and affluent residential suburbs.
371-373 Remuera Road is a three storey, mixed-use building with high profile ground floor retail, well-appointed level one offices plus basement accessed via a service lane to the rear. The basement level has been converted to a boutique laneway bar which will benefit from the regeneration of the neighbouring sites in the future.
The property is fully leased to three established tenants + signage, providing risk diversification, returning an attractive cash flow of $201,434 + GST p.a..