NAI Harcourts is pleased to offer to you 733A & 733B & 733C Main South Road Islington - to be sold by Deadline Sale (Unless Sold Prior), 3.00pm Thursday 12 December 2024.
With three well-established retail tenants (a bakery, a fish & chips/Chinese takeaway and a convenience store) AND opportunity to add value, this property offers astute investors a rare and desirable commercial opportunity to add to your existing portfolio that is equally worthy as an entry level first-time investment.
733A & 733B & 733C Main South Road is part of a suburban block of shops located at the corner of Main South Road (SH1) and Marshs Road. The three single-storey shops sit on a large 1,457 sqm corner site (in two Titles) and facing Main South Road; leaving an undeveloped parcel of land of some 740 sqm, accessible from and facing Marshs Road. It offers you:
• Fully insured "As Is, Where Is" opportunity
• Spread of risk, with three well-established tenants
• Net rental income of nearly $67,000 pa, with potential rental upside
• Large 1,457 sqm profile corner site fronting onto Main South Road (SH1)
• Potential for future development
• Excellent on-site car parking
• Commercial Local Zone
First time offered in over 30 years. This investment has served our owners family well but are now highly motivated to sell. They recognise the time has come for a new direction and wants to see a sold sticker on this property.
For further information and to be kept updated, please download the property information pack using the link - http://www.propertyfiles.co.nz/L31805589
Call Harry Lim (021)402242 to register your interest and/or to arrange viewing.
