With interest rates dropping - Would you like better returns than the Bank ?
First time on the market in 30 years. On offer is this exciting split-risk tenanted investment property located in the main precinct of Henderson Town Centre. Adjacent to the West City Mall, this ground floor property has two separate streams of income from both long-standing tenants. Returning a gross income of $71,000 pa + GST, this is a great opportunity for buyers including entry - level commercial buyers or investors wanting to switch their portfolio from residential properties to commercial.
The property has excellent road frontage exposure on Great North Road including the foot traffic going to the Mall. Surrounding neighbours include Barfoot & Thompson real estate agency and other retail and food outlets. The property has dedicated carparks at the rear which also provides the service areas for both tenancies.
The location is so convenient with the West City Mall, Event Cinemas, bulk retail stores, food outlets and the Henderson train station within minutes of the property. Zoned as Business - Metropolitan Centre, it has scope for further developments so don't miss the opportunity to own this affordable commercial real estate in a vibrant suburb.
Floor Area: 260 m2 (more or less)
Income: $71,000 + GST (gross)
Split-risk Tenancy: Electronics shop & Italian restaurant
Astute buyers will now ask about the "+ More" aspect as mentioned in the headline. Well, there is a great prospect to add value by acquiring the upper level which is also available for sale with vacant possession. This may be attractive for many buyers who can then convert the property into a freehold tenure. Also ideal for owner-occupiers who can use the upstairs property for their business whilst accruing the income from the ground floor. Buyers can also explore the option of converting the upstairs into accommodation. Please contact sole agent for more details on both the properties.
Deadline Sale Date: 22 August 2019 (unless sold prior)
