Key features:
• Prime commercial investment on tightly held Ponsonby Road
• Two ground-floor stratum-in-freehold units totalling approximately 46sqm
• Commercial tenancy returning $46,764.86pa + GST, with CPI + 1% rental growth
• Combined net income of $60,804.86pa + GST from the premises and four basement car parks
68A and 68B Ponsonby Road comprise two ground-floor commercial units configured as one tenancy, together with four separately allocated basement car parks.
The established commercial tenancy provides an attractive income stream, with the four leased car parks adding valuable, diversified income. Together, the property generates a combined net income of $60,804.86pa plus GST.
Strategically positioned on popular Ponsonby Road, directly opposite Western Park, the property benefits from strong pedestrian and vehicle exposure. Ponsonby Central, Woolworths, Karangahape Road, public transport and motorway connections are all within easy reach.
Properties in this tightly held precinct are seldom offered for sale. Don't miss this rare opportunity to secure a diversified commercial investment with valuable basement parking in the heart of Ponsonby.
