Prime Retail - Owner Occupier
264, Gloucester Street, Taradale, Napier
Price On Application
- Proposed Usage
- Floor Area
- 194.00 m²
- Property ID
Enquire about this property
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)