Take advantage of the benefits of a Commercial investment over a Residential one. With commercial leases currently being very favourable for the owner, this property currently has a 6.45% ROI from just half of this building. If the new owner completes the proposed fit-out of the second store then they will reap the benefits of two leases in the one building.
* 2 shop frontages - 300 sqm (more or less) each premise
* 1/2 premises leased at $20,000 pa + gst and OPEX with 3 + 3 + 3 ROR from July 2025 ROI 6.5%
* Leased portion of the building is at 70% for earthquake
* Opportunity to generate additional income from the 2nd floor space
* Plans available for renovation to open up between the two areas
* Carparking at the rear of building
* Second store has a loading dock
* Toilet block in store 1, sep toilet in store 2
Contact us today for more information or to view the property.