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Listing Description
Listed: Sat, 30 May
LIVE/WORK TENANTED INVESTMENT
932-934 New North Road, Mount Albert, Auckland City, Auckland
Details
| Attribute | Value |
|---|---|
| Property use | Retail |
| Property ID# | AEC339 |
| Agency reference | 4100571 |
| Apply Online | http://www.tmsandbox.co.nz/Browse/Jobs/ApplyOnline.aspx?mode=apply_online&referenceId=2149724709&sellerId=0 |
Description
This property is superbly located in the popular Mt Albert town centre, directly opposite the train station.
The two-story building comprises two retail shops and a four-bedroom living upstairs, representing a sought-after live/work tenanted investment opportunity. Both shops are currently under long-term leases with fixed rental growth. The property generates an approximate annual rental of $104,712.
Mt Albert town centre has benefitted from upgrades to improve its appearance and accessibility for pedestrians and cyclists, including enhanced lighting throughout the area. The centre manages a high volume of commuters and road traffic, while the local train station continues to provide a fast and convenient travel option for the Mt Albert community. This area is home to a diverse range of businesses and a vibrant community. With established residential neighbourhoods, it continues to benefit from strong growth.
KEY FEATURES:
- 306m² Freehold land
- Two shops and upstairs living
- Split risk tenanted investment
- Fixed rental increases
- Excellent location
- Busy day and night, seven days a week
- Opposite Mt Albert train station
- Business - Town Centre zoning
For further details and viewing arrangements, please contact the listing agent.