Auckland City Median PriceAuckland City Median Rent | Map | Street view | Nearby | Transport | Property Description: | Within the prime retail core of Otahuhu, this two level commercial property is situated in a strong and established retail location. Close to most facilities such as variety stores, takeaways/bakeries. Great South Road is a busy arterial route and has substantial pedestrian flow. It has easy access to the southern motorway. The ground floor of the building has rentable floor area of 294.84 sqm, plus a storage room of 31.38 sqm. Also the rentable first floor area of 229.3 sqm includes 4 bedrooms, 2 lounges, 1 kitchen,1 bathroom and 1 toilet, so the total area is 550 sqm for the whole property. Reliable tenant is operating clothing/variety store. The lease expires in 2022. Total current income for the building is $128,000 per annum plus GST and operating expenses. The rental return is more than 7%. Do your numbers and get your cheque books ready, a smart investor will get this one! Call now for inspection!
Agency reference #: 526462 | Property valuation from Government |
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