• Passive investment freehold property in sought-after central Mt Albert

• Two tenancies in place with ground floor occupied by Pizza Hut

• Holding net income of $55,000 + GST p.a.

Situated in the heart of Mt Albert Village, this two storey freehold standalone building enjoys multiple income streams returning total $55,000pa + GST, comprising Pizza Hut on the ground floor and Copapa Construction occupying the basement level - accessed off Ballast Lane.

The 229sqm floor area freehold parcel is well located just a few minute walking distance from Mt Albert Train Station, 15-minute drive to the CBD and within the recently upgraded town centre.

The property consists of 2 tenancies, Pizza Hut occupies the ground floor facing busy New North Road, and a basement tenancy accessed off Ballast Lane - self contained with an existing kitchenette and bathroom/shower facilities. Ballast Lane is a side access cul-de-sac which services the buildings from 927 to 945 New North Road, and traditionally has been used for access/parking.

Take advantage of this passive investment opportunity with two separate incomes streams - anchored by a strong international brand.