Affordable Remuera Village Investment
393, Remuera Road, Remuera, Auckland City
- Proposed Usage
- Floor Area
- 231.00 m²
- Land Area
- 159.00 m²
- Auction Date
- 11:00 - Mar 06, 2019
- Property ID
• Prominent Remuera Road freehold investment opportunity
• Fully leased to an established tenant returning $80,000 + GST p.a. (net)
• High profile retail with office and basement carparking below
• Add value opportunities through rental growth and future development
• After long term ownership the Trust has decided to sell!
Bottom drawer 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 Auckland's most established and affluent residential suburbs.
393 Remuera Road is a two storey building with high profile ground floor retail plus basement office, storage, amenities and car parking accessed via a service lane to the rear.
The property is fully leased to an established tenant, providing an attractive cash flow of $80,000 + GST p.a. The tenant has exercised their right to renew their lease and a market rent review for the property is due.