Listing #:1565825393

9% Plus freehold yield

Location: 1E The Concourse, Mangere, Manukau City, Auckland
Property use: Retail
Floor area: 715m2
Price: Asking price $1,400,000
• Fully licensed gaming bar & lounge with 18 gaming machines
• Solid rental growth
• Town centre location
• Returning $126,880pa net

Calling all yield chasers on a budget! This rare opportunity to secure a freehold, town centre commercial investment at an affordable price bracket and impressive return is not one to be missed.

Located in the heart of Mangere Town Centre, the property has 18 gaming machines and is the only licensed premises in the Town Centre, enjoying excellent patronage.

The property is well positioned on the first floor with dual access and generous parking above retail shops. Surrounding amenities include a library and medical centre as well as Countdown and McDonalds.

Nelson Raines
021 555 673
nelson.raines@bayleys.co.nz

Agency reference #: 1901610
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Asking price: $1,400,000
1E The Concourse, Mangere, Manukau City, Auckland
Asking price: $1,400,000
Listed: Thu 8 Mar, 1:11 pm
Nelson Raines
Bayleys Manukau C & I, (Licensed: REAA 2008)
  • Contact details
  •  (09) 2716417
  •  (021) 555673

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Agent's details

Nelson Raines
  •  (09) 2716417
  •  (021) 555673
Bayleys Manukau C & I, (Licensed: REAA 2008)
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Expires: Fri 28 Dec, 1:45 pm
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