- Current net income of $166,180 + GST
- Freehold site of 393sqm (more or less) on prime Victoria Road position
- Excellent diversity of income for investment
Commanding a prime position on Devonport’s key retail spine, this mixed vintage, two level asset captures all day foot traffic and evening trade. West-facing frontage with a service lane connection at the rear supports efficient operations for tenants, while a central courtyard and covered walkways link the tenancies together for a cohesive village feel.
A diversified rent roll includes long established retail and hospitality tenants alongside smaller office suites. Current passing income totals $166,181 + GST with no vacancy, provides immediate cash flow and spread of risk for investors looking for hands off return.
This property forms part of a once in a generation six property portfolio in Devonport, available for sale individually, together or in any combination please contact the Sole Agents for further information.
https://www.bayleys.co.nz/listings/commercial/auckland/north-shore/-devonport-portfolio-devonport-16910161
Michael Nees
+64 21 182 3085
[email protected]
Damien Bullick
+64 22 420 6845
[email protected]
Alan Haydock
+64 21 532 121
[email protected]
