EXCELLENT INVESTMENT UNDERPINNED BY SUBSTANTIAL SITE
For Sale by Deadline Private Treaty Closing 4:00pm, Wednesday 13 November 2019 (unless sold prior).
• Net income - $162,364.82 per annum plus OPEX and GST • Floor area - 345m² (more or less) • Fee Simple land area - 1,692m² (more or less) • Favourable Residential - Mixed Housing Urban zone • Annual fixed rental increases to the higher of CPI or 2% • Exceptional location central to Avondale, Blockhouse Bay, New Windsor and New Lynn • Convenient access to motorway, amenities and Great North Road, presenting favourable long-term development upside • Highly motivated Vendors - contact the Sole Agents for a full information pack today
This well located, Freehold property is leased to a childcare operator, licensed for 61 children and currently returns $162,364.82 per annum plus OPEX and GST.
Underpinned by a large 1,692m² site and favourable Residential - Mixed Housing Urban zoning, it is an ideal investment opportunity situated along the main arterial route connecting Blockhouse Bay and Avondale.
The current tenant enjoys a generous sized, two level building set back from the street, with a large rear playground and ample parking at the front of the site, along with a significant customer base in the surrounding residential catchment and exceptional exposure to Blockhouse Bay Road.
With highly motivated Vendors, herein lies your opportunity to own a high yielding investment sitting on a substantial, well zoned site.