JLL is honoured to have been exclusively appointed to offer for sale Herne Bay’s historic R&W Hellaby building at 222-228 Jervois Road via a Deadline Date For Offers campaign, closing 4pm, Wednesday 06th December 2023 (unless sold prior)
Located in one of Auckland’s most affluent suburbs, Herne Bay’s historic R&W Hellaby building occupies a prime high profile corner position of 446sqm in the heart of the Herne Bay retail village.
Fully leased to premium tenants, including luxury homeware store Tessuti, the Goodness Café and Frenchie & Co Hair salon provides a hassle-free investment while being in a location that has a high level of tenant demand.
The property currently generates a total net rental of $332,971 per annum with rent reviews early 2024.
This is a fantastic opportunity to purchase a genuine trophy investment in a location that is tightly held for good reason.
Features:
- High profile, north facing, corner location.
- Immaculately presented trophy character building located in the heart of Herne Bay.
- Mixed-use prime retail shops on the ground floor and three live/work tenancies above.
- Diversified income streams returning $332,971 net pa.
- Strong underlying land value.
- An established, tenanted investment.
- Low vacancy rate / High demand.
The property is offered by way of Deadline Date For Offers, closing 4pm Wednesday 06 December 2023 (unless sold prior).
Call the sole agents now for more information.
