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)