HOT AND AFFORDABLE INVESTMENT

184-186, Queens Road, Panmure, Auckland City

$749,000

Proposed Usage
Retail
Floor Area
186.00 m²
Description:
Property ID
1c678vl

These premises are well-located on the Panmure main street with excellent exposure to vehicle and foot traffic. The building was constructed circa 1950's and there are two tenancies on the one title. The building itself comprises two stories, each with their own entrance. There are also four car park spaces at the rear. The current rental income is $48,000 p.a. (+ GST).

184 Queens Road: Located on the ground floor. Approximately 90m² of newly renovated floor area. Currently leased to a clothing shop with both front and back entrances. Also included are a kitchenette, toilet and shower facilities.

186 Queens Road: Located upstairs. This area is also newly renovated and is approximately 96m². It is currently leased to a Chinese massage clinic. There is an open lounge and three rooms, along with a kitchenette, two toilets and two shower facilities.

KEY FEATURES:
• Two tenancies with their own entrances
• Total holding income of $48,000 p.a. + GST + Opex
• Road frontage with good exposure
• Floor area of 186m² on 149m² of freehold land
• New roof, four car park spaces at the rear
• Town Centre zone

Hot Hot Hot!!

Please contact the sole agent, Jane Chen, on 0275 48 67 49 for more information today.

Enquire about this property

Panmure Area