Great opportunity to own this bite size investment in Auckland CBD. Floor area of 29m² for the retail space and an extra 7m² of storage on two separate titles. Current net rental return is $30,000 per annum plus GST. The commencement date for the lease was July 2019, for three years with one right of renewal of three years. The premises is operating as a hair salon.
The premises has frontage on Mayoral Drive, with the whole complex being on the corner of Queen Street and Mayoral Drive which is close to Auckland University, AUT, and surrounded by apartments and offices. The shop is one of the 24 shops in the building which were re-developed in 2013. The upper levels are occupied by Four Points by Sheraton Hotel.
KEY FEATURES: • Motivated vendor • 29m² retail and 7m² storage on separate titles • Modern fitout for a hair salon • Returning $30,000 pa plus GST • Three year lease commenced July 2019 with one ROR of three years