Invercargill City Median PriceInvercargill City Median Rent | Map | Street view | Nearby | Property Description: | 1970's two storey commercial office building with a 12 car basement park. Earthquake rating 73% of NBS which is good. Retired owner wants to take life easier and sell. Has been full.. Currently returns approximately $41,000 + gst and 44% of outgoings from 2 tenants. Potential for another approximately $58,000 + gst and balance of outgoings if full plus 8 carparks leased. For sale at $730,000 or approximately 13.5% return if full. NB There may be some fit out costs to achieve this return. 2014 cap $680,000 LV $160,000 ICC rates $5,568 pa Insurance $6350 pa. Great potential and return for those that are good organisers |
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