Affordable Remuera Village Investment

393, Remuera Road, Remuera, Auckland City

Auction

Proposed Usage
Retail
Description:
Property ID
1c4hl0s

• 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.

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Remuera Area