• High-profile character investment in the heart of Ellerslie village
• Fully leased to iconic and established tenant, returning $115,680pa + GST net
• Strategic location with easy access to motorways and public transport
• Prime, affordable bottom-drawer investment opportunity with future upside
A rare chance to secure a prime landholding in the tightly held Ellerslie village precinct. 107-109 Main Highway comprises a single-level commercial/retail building, with the added benefit of six off-street car parks at the rear of the property.
The property is fully leased to a proven and established tenant, Barfoot and Thompson, returning a net rental of $115,680pa + GST and occupies a high-profile position surrounded by a range of retail, service and hospitality operators.
The property offers excellent access to amenities, public transport and motorway onramps and is located a short drive from Remuera and the Eastern Suburbs.
Consideration must also be given to the future potential of this underdeveloped site, which benefits from 402sqm (more or less) of fee simple land and an intensive Business – Town Centre zoning. Affordable opportunities in this tightly held precinct are rare. Don’t miss this one, call now for further information!
