Listing Description
Listed: Tue, 7 Jul
FREEHOLD RETAIL INVESTMENT UNIT
41 Pitt St, City Centre, Auckland City, Auckland
Details
| Attribute | Value |
|---|---|
| Property use | Retail |
| Agency reference | 57655 |
| Apply Online | http://www.tmsandbox.co.nz/Browse/Jobs/ApplyOnline.aspx?mode=apply_online&referenceId=4174945&sellerId=0 |
Description
Freehold retail investment unit in popular city fringe location.
La Cerise is a popular cafe on busy Pitt Street, serving the residential/commercial building in which it is located, plus neighbouring office and apartment buildings.
Pitt Street itself has excellent foot and road traffic, being a major link road into the CBD.
The circa 90m² premise has been home to a cafe since 2005, with new owners taking over the lease in February 2013.
Asking price $595,000 ONO plus GST.
KEY FEATURES
- Returning $33,039 net per annum plus GST and OPEX
- 90m² Freehold unit
- 3 years left on current term plus Right of Renewal
- Popular cafe
- Excellent exposure and foot traffic
