NAI Harcourts is pleased to present 24 Wycola Avenue to the market, to be sold by way of Auction Thursday 20 August 2026 from 11:00 am (unless sold prior).
On offer is a desirable and cheap entry level first-time commercial investment opportunity that is equally worthy as an addition to your existing portfolio.
Features:
• Freehold Title
• Well-presented and maintained
• 67% NBS
• Established sushi shop as tenant
• $24,000 pa + GST gross rent, with fixed rental adjustment of 2.5% annually from 11 May 2029
24 Wycola Avenue comprises of a single 60 sqm (approx.) shop sited on a long and narrow rectangular site of some 185 sqm. The premises is occupied by a well-established sushi business, with a new lease of 6 Years + Rights of Renewal of 2 x 3 Years in place and commanding a gross rental of $24,000 pa + GST.
The building is part of a row of shops, each with their own side wall. It is sited at the front of the section; leaving some two-thirds of land in the rear (with good access) for possibility of future development (subject to consent). Currently on-site is a 20-foot container which the Vendor is open to sell to the successful buyer for $5,000 and lease back at $80/week + GST for 6 months.
Motivated Vendor wants to see a sold sticker.
To access the Property Files, please paste the link below into your browser and submit your details. Then wait for the email from Property Files with the links you can download.
https://www.propertyfiles.co.nz/property/L41712451
Call Harry Lim 021 402 242 to register your interest and/or to arrange viewing.
