Listing #:2027394086

Affordable Howick retail investment

Location: 9/10 Wellington Street, Howick, Manukau City, Auckland
Property use: Retail
Floor area: 152m2
Price: Asking price $1,000,000
• Stratum in Freehold unit in a busy and popular Howick mixed use complex
• Investment returning $54,300 pa plus GST and outgoings
• Tenant established 2001
• Assured rental growth
• Ample council car parking in front and to the side of the development

The property forms part of a modern, mixed use, retail and residential development completed circa 2010-2011 of thirteen retail units and 34 apartments at The Terraces, 10 Wellington Street, Howick.
With a four year lease in place to Natural Spirit Ltd trading as The Natural Health Company this is a rare, hands-off and eminently affordable investment opportunity.

The unit has excellent passing foot traffic passing and other successful and well established business in close proximity. There is easy access to car parks, Picton Street, movie theatres, destination medical specialists, service reatilers and numerous food and beverage businesses all established to serve the surrounding residential suburbs of Howick, Half Moon Bay, Bucklands Beach and Botany.
This tenant and investment are well suited to established and first time investors

Call the Sole Agent for further information

Geoff Wyatt
021 982 322
geoff.wyatt@bayleys.co.nz

Agency reference #: 1902055
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Asking price: $1,000,000
9/10 Wellington Street, Howick, Manukau City, Auckland
Asking price: $1,000,000
Listed: Tue 16 Apr, 4:15 pm
Geoff Wyatt
Bayleys Manukau C & I, (Licensed: REAA 2008)
  • Contact details
  •  (09) 2736686
  •  (021) 982322

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Agent's details

Geoff Wyatt
  •  (09) 2736686
  •  (021) 982322
Bayleys Manukau C & I, (Licensed: REAA 2008)
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Expires: Tue 13 Aug, 5:30 am
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