Commercial and Residential Investment, Waikiwi Shopping Centre - 2 Ruru Street, 302 and 300 North Road, Invercargill Income Approx $107,000 pa + GST + Most Outgoings - Potential if the Two Empty Shops were Leased up to Approx $120,000 pa + GST + Most Outgoings
2 Ruru Street Seven shops ranging from Hair Salon, Salvation Army, restaurant upstairs and one vacant shop, others under negotiations.
Upstairs Four flats, 2 x 2 bedroom and 2 x 1 bedroom plus restaurant as above.
302 and 300 North Road Two buildings and rear common car park.
For sale by out of town elderly owner, who has lost interest. Potential for new owner to actively mange the property and increase the income.
OUTGOINGS The shops that are leased pay their share of outgoings on top of the rent except for the tenant of the building behind the barber's building at 302 North Road (ie the hall).
RESIDENTIAL TENANTS Outgoings ie rates, insurance, Warrant of Fitness are paid by the landlord.
* Please ask for an update of income and check leases income carefully.
2 Ruru Street - Land Area 1,153 m2 2011 Rateable Value $580,000 Shops 2011 Rateable Value $464,000 $116,000 Flat ICC Rates $1,268.97 pa (Payable by the Landlord) Total $1,160,000
302 and 300 North Road 2011 Capital Value $143,000 Includes both buildings North Rd Hall tenant ICC Rates $2,637.00 pa Total Capital Value $1,303,000 (Payable by the Landlord) (For Both Titles) |