Fresh investment opportunity - eight year lease

3/115, Felton Mathew Avenue, Saint Johns, Auckland City

Auction

Proposed Usage
Retail
Description:
Property ID
1c76kx9

• New eight-year lease plus further rights of renewal
• Returning $87,000 pa plus GST and outgoings
• Modern construction
• Sought after location
• Generous car parking

This freehold modern retail property of 293sqm in St Johns presents an affordable investment opportunity.

Centrally located in St Johns, the property is approximately 15 minutes from the Auckland CBD and in close proximity to the Glen Innes train station. Neighbouring tenants include Carls Jr, Liquor Spot, Bruce Lee Sushi & Roll, Jetts Gym and Columbus coffee.

The unit features a 7 metre stud height and rear storage/processing area with separate entry via shared service and delivery lane. Having been a fruit and vegetable shop since construction it is well known in the community.

Returning $87,000 pa plus GST and outgoings with two-yearly rent reviews and an eight-year lease to a well-established tenant, this is a fantastic investment opportunity and one at an affordable price point.

Amy Weng
021 177 3422
amy.weng@bayleys.co.nz

Nelson Raines
021 555 673
nelson.raines@bayleys.co.nz

Oscar Kuang
021 609 429
oscar.kuang@bayleys.co.nz

Enquire about this property

Saint Johns Area