Property listing ID: 4024981
For sale by deadline private treaty closing 12:00pm, Wednesday 10 April 2024 (unless sold prior) at Level 3, 50 Kitchener Street, Auckland Central. One superbly positioned property that consists of 155m² of Local Centre zoned land with dual access and council car park at the rear. The improvements consist of a 177m² building with retail/storage at the ground level and an additional mezzanine office. The zoning allows for commercial or residential use. The property is currently leased to Dough Boys Bakery who provide a passing net income of $40,300 plus GST and outgoings per annum. The property has been fitted out as a bakery with specialised power capabilities, chillers, freezers, ovens and storage. A huge benefit to Mt Roskill and the surrounding area is the completion of the extension of State Highway 20 from Mt Roskill through to Point Chevalier, which has added another bloodline into the Mt Roskill area. This creates more activity increasing the business economy in the area. An information pack is available on request. For a viewing, please make contact to arrange a time. KEY FEATURES: • Freehold investment • Returning $40,300 + GST per annum • Final lease expiry 2027 • Entrenched tenant • Commercial or residential use • Growth area
Listed by Barfoot & Thompson , Nick Wilson (City Commercial)