Passive investment in Porirua
21, Prosser Street, Porirua, Porirua
- Proposed Usage
- Floor Area
- 840.00 m²
- Auction Date
- 11:00 - Dec 05, 2019
- Property ID
Enjoying a high profile position on Prosser Street, this fully tenanted investment returns $100,000 from two new leases. At the front is the popular Family Bakery and to the rear is Porirua Functional Fitness, both on full net leases.
The building was extensively refurbished and earthquake strengthened in 2013. At that time it was split into two separate fire-rated tenancies and the expensive bakery fitout undertaken. Plus the building has recently had the roof replaced.
It is well located in the lower area of Elsdon, the Porirua industrial precinct on the extremely busy thoroughfare of Prosser Street which is one of the main routes between Tawa and Titahi Bay.
This property represents a simple hands free opportunity, plus with the strong growth taking place in the area, it will be an excellent long term investment appealing to all astute investors.
To obtain copies of the supplementary documents please visit: www.propertyfiles.co.nz/21ProsserStreet
• Passive investment in Porirua
• Returning approximately $100,000 from 2 x net leases
• Great location on busy main road thoroughfare of Prosser Street
• Refurbished building split into two tenancies