Split risk investment with long lease

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

Auction

Proposed Usage
Retail
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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Mount Albert Area