Split risk investment with long lease

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

Price: Auction

Proposed Usage: Retail

Floor Area: 267.00 m²
Land Area: 306.00 m²
Auction Date: 11:00 - Sep 18, 2019

Add to Calendar 18-09-2019 11:00:00 18-09-2019 12:00:00 95 Split risk investment with long lease •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. Mount Albert false DD-MM-YYYY

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.
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