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Listing Description
Listed: Wed, 18 Jan
HIGH YIELDING INVESTMENT
74-76 Karangahape Road, Eden Terrace, Auckland City, Auckland
Details
| Attribute | Value |
|---|---|
| Property use | Retail |
| Agency reference | 88004 |
| Apply Online | http://www.tmsandbox.co.nz/Browse/Jobs/ApplyOnline.aspx?mode=apply_online&referenceId=2149485218&sellerId=0 |
Description
- Fully leased diversified cash flow of $223,150 per annum
- Desirable standalone 539m² character building
- Freehold 354m² land parcel with future development upside
- Rapid growing location in close proximity to new CRL station
Our motivated Vendor wants the property sold and will consider all genuine offers!
Strategically located on the rapidly improving Karangahape Road district, this premium character investment is fully leased with diversified cash flow returning $223,150 per annum. This standalone investment sits on a generous 354m² of Freehold land that has significant development upside under the Business - City Centre zone (maximum height 35 metres).
Vibrant and rapidly growing location rich in amenity with well-known cafes, upmarket restaurants and a range of quality retail stores. Character buildings of this quality are in short supply and our motivated Vendor wants the property sold - enquire now for further information!