Platinum Partner
Listing Description
Listed: Wed, 7 Feb
Vendor motivated to sell. Make it offer
177 Symonds Street, Eden Terrace, Auckland City, Auckland
Details
| Attribute | Value |
|---|---|
| Property use | Retail |
| Capital value (CV) | $760,000 |
| Parking | Residential unit has 1 carpark, retail unit has 1 carpark |
| Agency reference | TAP4588 |
Description
Eden Terrace location for investment
Located on Symonds Street and surrounded by a variety of commercial services, 177 Symonds Street offers a high profile and traffic count position with its proximity to the Newton Road, Khyber Pass, and Mt Eden Road junction. Access to two on-site car parks is via Stable Lane which entered from Newton Road.
The unit provides a separate approx. 47m² single bedroom residential flat upstairs, accessed from Stable Lane, is located within Auckland Grammar School zone. The residential flat is on a periodic tenancy agreement returning $24,440 per annum inclusive GST with one car park.
The approx. 76m² retail space on the ground floor boasts strong foot traffic and high exposure. The retail space is currently used as a café/restaurant, with a current rental of $26,520.00 + $2,600.00 (one car park), totaling $29,120.00 + GST. The tenant pays 70% of the outgoings being approx. $7,343.30 + GST.
KEY FEATURES: *123m² retail & residential offering *Freehold unit title *Two car parks included with the unit *The owner will pay 30% of the Rates and Body Corp fee. Fixed-term tenancy ends 16/8/2024 *Retail tenant currently pays approx. $29,120.00 + GST + outgoings
Why delay! Call Edward Ching at 0800EDWARD or 021 022 73738 for more information.