We are thrilled to present a unique investment opportunity located at 24 Queen Street, Ōtāhuhu, exclusively showcased by Colliers NZ.
This exceptional property will be available for sale with an asking price of $1,800,000 + GST.
The property presents extremely well and is located on a regular shaped 470m² land parcel with approx. 777m² floor area in the growing suburb of Otahuhu. Due to being a corner site, it offers excellent visibility to both vehicular and foot traffic, making it a prime location for retail activity.
Currently, this property is leased to established tenants, including a plastic packaging retailer, Pacific clothes retailer, print shop with internet cafe, clothes retailer and a commercial kitchen operator. With a net return of apprximately $117,656 p.a. + GST, you can enjoy a stable and consistent income stream.
Contact the Agents for further information and to schedule inspections of the property.
Ryan Gibb (021 826 421) or Janet Marshall (021 684 775)
Features:
* Passive Income
* Split Risk Investment - 5 tenants
* Excellent Fitout
* High Profile
* Add-value Opportunity
* High Yielding Opportunity
* Zoning - Business Town Centre
* Corner site Location
* Returning $117,656 pa + GST approx.
