Ponsonby retail - new six year lease
68A and 68B, Ponsonby Road, Grey Lynn, Auckland City
- Proposed Usage
- Floor Area
- 46.00 m²
- Auction Date
- 11:00 - Jun 26, 2019
- Property ID
• Prime retail investment on busy and popular Ponsonby Road
• Two ground level freehold units totalling 44sqm (approx.)
• Proven and experienced operator signed a six year lease commencing December 2018
• Returning a combined income (retail shop plus four car parks) of $47,708pa (approx.) plus GST and outgoings
68A and 68B Ponsonby Road forms part of a complex constructed circa 2004, comprising of two units with inter-tenancy walls removed to accommodate one tenancy. The tenant has committed to a new six year lease, offering a secure cash flow with fixed annual rental increases. Further, the four secure basement car parks are fully leased, providing additional rental income.
Strategically located in the popular and highly desirable sought after City Fringe suburb of Ponsonby, the property offers convenient access to public transport links and motorway systems. Also situated a short distance from the property is the Countdown Supermarket and the ever popular Ponsonby Central.
Properties in this tightly held precinct seldom become available - do not miss this extremely rare opportunity.
Contact the SOLE Agents today
021 995 121
021 177 3422
021 192 2233