Prime Retail - Owner Occupier

264, Gloucester Street, Taradale, Napier

Price On Application

Proposed Usage
Office
Floor Area
194.00 m²
Description:
Property ID
1c5fm55



Located in the middle of Gloucester St, Taradale, 194sqm of prime retail is for sale with short-term income before being vacated in September 2019. Under-rented and currently returning $36,600 net per annum, this property has an assessed market rental of $42,000 - $48,000 net per annum.

Owner-occupiers – extract some holding income whilst you plan around a September move in date to make the most of the summer retail trade period.

Investors – bank a few months rental income whilst sourcing a new tenant and extracting some upside on your investment.

Wedged between Big Barrel Liquor and NZCU Bank, this is a popular location supported by well known local brands.

NB – listing also available for lease.

 

*Tenant has started their “make good” process and much of the interior fit out will be removed prior to sale 

 

Deadline Private Treaty closes 4pm, Wed 22nd May 2019 (unless sold prior)

 

Enquire about this property

Taradale Area