Split risk investment with long lease
932-934, New North Road, Mount Albert, Auckland City
- Proposed Usage
- Floor Area
- 267.00 m²
- Land Area
- 306.00 m²
- Auction Date
- 11:00 - Sep 18, 2019
- Property ID
•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.