Returning $81,300 per annum net plus GST, this well-presented commercial investment combines two long-standing tenants, new three-year lease commitments and a modern, well-maintained building.
Set on 482m² of freehold land, the property offers approximately 280m² of building area, solid construction and an 84.5% NBS earthquake rating. A contemporary, high-quality interior fit-out and five on-site car parks add to its appeal.
Te Rito Maioha Early Childhood Education has occupied the premises for eight years and has recently committed to a new three-year lease, returning $61,300 per annum net plus GST.
Ambience Hair Salon has occupied the premises for more than 20 years and has also renewed for a further three years, returning $20,000 per annum net plus GST.
Rates, building insurance and other applicable outgoings are payable by the tenants.
With established occupancy, renewed leases and income from two tenancies, there are compelling reasons to take a closer look.
Features:
* Two well established Tenants
* New three-year leases
* NBS rating of 84.5%
* Central CBD location
