Great entry level add value project
9 - 13, Geange Street, Upper Hutt, Upper Hutt
- Proposed Usage
- Floor Area
- 380.00 m²
- Auction Date
- 11:00 - May 16, 2019
- Property ID
This high profile two storey retail building is fully occupied by quality local tenants and presents itself as a project with excellent upside.
With an annual net rental of $15,354 but with a potential of $43,519, it is likely to be at the affordable end of the spectrum, it is currently used as a hairdressing salon on the ground floor and dance studio on the first.
Positioned on the south side of Geange Street, adjacent to the countdown car park, the property is prominent and sun-drenched.
It is not difficult to imagine a residential conversion to the upper floor in time, with continued use as service retail on the ground floor.
- Location - the sunny side of Geange Street, Upper Hutt
- Size - 380sqm over 2 floors
- Tenancies - fully occupied on varying terms
- Income - $15,354
- Potential income - $43,519
To obtain copies of the supplementary documents vist: http://www.propertyfiles.co.nz/property/3252243