Split risk investment with long lease

932-934, New North Road, Mount Albert, Auckland City

By Negotiation

Proposed Usage
Retail
Floor Area
267.00 m²
Land Area
306.00 m²
Description:
Property ID
1c6m8s2

•Split risk in sought after Central Mt Albert
•Standalone building on freehold land area of 306sqm
•2 x commercial tenancies on the ground level plus flats on top

An opportunity to secure a split-risk investment in sought-after Mt Albert suburb. The 306sqm freehold parcel is well positioned opposite the train station, 15-minute drive to the CBD and within the recently upgraded town centre.

The property consists flats on the 1st floor and 2 x food tenants occupy the ground level. The ground level combines two commercial tenancies: Mt Albert (XiangCheng) BBQ Noodle House on brand new 10 years lease & Roadside Kebabs established since 2015, which generate annual income of $78,000 totally.

This property is ideal for the astute investor wanting to acquire easily managed retail investment to their portfolio and an opportunity to add value in near future.

Enquire about this property

Mount Albert Area