Many people – I think – like the idea of having a bar but not having to run it.
Well, here’s an opportunity to own a building with a bar in it.
Number 7 Ngapara Street, Alexandra, is now on the market.
The 1980’s built 280 sqm concrete block and corrugated iron building has been extensively renovated to a high standard and is currently home to ‘Sam’s Bar’.
The bar owners have just renewed their lease for another two years, with three rights of renewal through to 2032.
There is also extra space for a second tenant, which would increase what is already a good return.
The appealing building sits on a 516 sqm site in a good location.
This one should be as popular as the beer they pour, so you might want to move quick.
