5 College Hill, Freemans Bay

price information

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325m² Floor Area

281m² Land Area

CBD FRINGE INVESTMENT WITH DEVELOPMENT UPSIDE

Fully leased, returning $92,876 per annum plus GST
Two long-standing tenants - a sushi shop and a car mechanic
Freehold 281m² Business - Mixed Use zoned land
Development opportunity
Rare opportunity to secure a multi-use property with future development potential in Auckland's sought-after Freemans Bay

The property comprises two tenancies. The first, a sushi shop that has been in occupation since 2009 in a high-profile position on College Hill and currently returns $35,256 per annum plus GST with rent review clauses. The second, a car mechanic in occupation since 2017 returning $55,620 plus GST per annum.

The property is superbly located, just moments from the CBD and within walking distance to all amenities and Victoria Park Market. Investors looking for a multi-use, split-risk investment with future development upside must investigate.

Contact the Sole Agent today for further information.

Rohit Khanna

021 734 514

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