CORNER SITE INVESTMENT

Property listing ID: 64280

Floor area
260m²
Price / method
Sold August 2015

22 Drake St is a highly sought after investment opportunity in the Victoria Quarter precinct at the corner of Centre Street & Drake Street. This fully leased ground floor freehold unit is split into two tenancies comprising of a 177m² of character office and a 83m² café. The combined return is $95,350 net plus GST per annum and both tenants pay 100% of all the outgoings. Rental upside and strategic corner positioning make this an investment not to be missed. For Sale by Deadline Private Treaty closing 4pm 19th August 2015 Level 3, 50 Kitchener St, Auckland Central KEY FEATURES • Strategic Corner Site • Fully leased returning $95,350 net p.a. • Tenants pay 100% of the Outgoings • Victoria Quarter Precinct • Two Separate Self Contained Commercial Tenancies

Listed by Barfoot & Thompson , Reese Barragar (City Commercial)