Listing #:1474873824


Location: Otahuhu, Auckland City, Auckland
Property use: Retail
Floor area: 517m2
Price: Asking price $1,820,000 + GST (if any)
Brilliant chance to purchase a highly desirable freehold retail investment smack bang in the centre of Otahuhu retail strip. This site has been home to Relon Trading NZ LTD for the last 10 years who have just renewed for a further five years from 14 November 2017. The premises has a prime retail frontage with very high foot traffic count and also benefits from street parking directly in front of the shop and can also be accessed from the rear. The site consists of ground floor retail outlet with first floor storage facility which could also double as residential accommodation.

This property is to be sold as a leased investment, the current lease provides good rental growth with built in rent reviews every two years, currently the property generates a rental income of 128,000 nett pa plus gst.

Key Features
• Proven retail site of circa 517m²
• Located directly in the centre of Otahuhu's retail strip
• Leased to an established tenant
• Realistic yield expectations

Agency reference #: 77125
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Asking price: $1,820,000 + GST (if any)
Listed: Thu 23 Nov, 12:09 pm
Ben Johnson
Barfoot & Thompson MREINZ Commercial , (Licensed: REAA 2008)
  • Contact details
  •  (021) 1801702


Agent's details

Ben Johnson
  •  (021) 1801702
Meng Jiang
  •  (021) 658886
Barfoot & Thompson MREINZ Commercial , (Licensed: REAA 2008)
(09) 3580989
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Expires: Wed 8 May, 6:31 am
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