Listing Description
Commercial and Residential Opportunity! Callin...
20, Great South Road, Otahuhu, Auckland City, Auckland
Details
| Attribute | Value |
|---|---|
| Property type | House |
| Parking | 1 Car Carport |
| Agency reference | 526462 |
| Apply Online | http://www.tmsandbox.co.nz/Browse/Jobs/ApplyOnline.aspx?mode=apply_online&referenceId=4145701&sellerId=0 |
Description
Within the prime retail core of Otahuhu, this two level commercial property is situated in a strong and established retail location. Close to most facilities such as variety stores, takeaways/bakeries. Great South Road is a busy arterial route and has substantial pedestrian flow. It has easy access to the southern motorway.
The ground floor of the building has rentable floor area of 294.84 sqm, plus a storage room of 31.38 sqm. Also the rentable first floor area of 229.3 sqm includes 4 bedrooms, 2 lounges, 1 kitchen,1 bathroom and 1 toilet, so the total area is 550 sqm for the whole property.
Reliable tenant is operating clothing/variety store. The lease expires in 2022. Total current income for the building is $128,000 per annum plus GST and operating expenses. The rental return is more than 7%.
Do your numbers and get your cheque books ready, a smart investor will get this one! Call now for inspection!
