Astute buyers of real estate will appreciate the opportunity to own this commercial investment in the upcoming suburb of Wellsford. With interest rates on a decline, now is the time to invest into properties that have potential to increase returns and have development prospect in future. Look at its features and determine yourself of its inherent value.
ASKING PRICE: $495,000 + GST ( If any )
• Freehold property with favourable Town Centre zoning
• National brand tenant returning $30,000 pa + GST + OPEX
• Basement vacant or lease-back for a year at $10,000 pa
• Three-year lease with right of renewals until 2038
• Main road location giving a high-profile exposure
• Northern motorway extension planning is underway
• Well-located to capitalise on the growth in township
Investors could add value with some expansion in future or hold it as a long-term investment keeping in mind the great location of being almost in the centre of two major hubs, namely Auckland and Whangarei.
Make sure you take notice of the location, zoning, income and freehold aspect with further scope to increase returns. Not much come up for sale in this tightly held suburb so get involved in the sales process.
Telos Commercial are privileged to be appointed as sole agents so contact us for more details.
