Two freehold investments - to be sold separately

199 and 201, Rodney Street, Wellsford, Rodney

Auction

Proposed Usage
Retail
Description:
Property ID
1c6zphg

• Growing Wellsford township location
• 70% IEP (Seismic) rating
• Two fee simple sites with Business Town Centre zoning offering numerous future development opportunities
• Currently returning $32,000pa plus GST from NZ Post & Kiwibank and $60,000pa plus GST from Four Square

Located in a fast growing north Auckland suburb experiencing aggressive residential development with over 1,000 homes expected in the next five - ten years. Wellsford is a tightly held commercial market consequent of very low tenant vacancy rates. Positioned on State Highway 1, the property benefits from over 10,000 traffic movements daily.
Surrounded by well established tenancies such as Mobil, cafe's and takeaway restaurants, the properties are tenanted to Kiwibank/NZ Post and Four Square, the annual combined income is $92,000pa plus GST, with each property to be auctioned separately. Will suit both astute and first time investors.

For further information, contact the SOLE agents today

Janak Darji
021 047 1290
janak.darji@bayleys.co.nz

Henry Napier
021 024 64785
henry.napier@bayleys.co.nz

Tony Chaudhary
021 995 121
tony.chaudhary@bayleys.co.nz

Enquire about this property

Wellsford Area