SOLE AGENCY

Bayleys is excited to introduce this split-risk, fully leased and affordable opportunity in the heart of Blockhouse Bay. This property boasts two retail tenancies, offering a diversified investment with minimized risk. Situated in a prime location with expansive street frontage, it enjoys proximity to popular cafes and retail outlets, ensuring consistent foot traffic.

Key features:

• Vendor willing to meet the market

• Great location with wide street frontage

• Split-risk investment

• Net passing income: $60,799.20pa + GST and outgoings

• Lettable area: 240sqm (approximately)

• Low-risk building with 70% NBS

The existing retail tenants generate a net passing income of $60,799.20pa + GST and outgoings. Moreover, there exists potential for market rental growth, presenting the new owner with opportunities to enhance value.

Commercial properties in Blockhouse Bay seldom hit the market, making this a unique chance to invest in a sought-after suburb characterized by low vacancy rates and a vibrant local business ecosystem, complemented by nearby residential areas.

The vendor is committed to a sale. Call now for more information.

Tony Chaudhary

021 995 121

tony.chaudhary@bayleys.co.nz

Lalit Arya

021 033 2309

lalit.arya@bayleys.co.nz