Ponsonby retail - new six year lease

68A and 68B, Ponsonby Road, Grey Lynn, Auckland City

Auction

Proposed Usage
Retail
Description:
Property ID
1c5p3nm

• 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

Tony Chaudhary
021 995 121
tony.chaudhary@bayleys.co.nz

Amy Weng
021 177 3422
amy.weng@bayleys.co.nz

Phil Haydock
021 192 2233
phil.haydock@bayleys.co.nz

Enquire about this property

Grey Lynn Area