693 Sandringham Rd Extension Sandringham | Barfoot & Thompson

693 Sandringham Rd Extension, Sandringham

For Sale $1,150,000Plus GST (if any)

FREEHOLD INVESTMENT RETURNING $56,000 P.A.


The subject property is located at 693 Sandringham Road, Sandringham comprising 136m² of Freehold land and approximately 172m² of solid building over two levels. The property has an 85% NBS/earthquake rating.

The property includes an upstairs two-bedroom apartment which was built in 2001. This is rented for $500 including per week, which equates to $26,000 per year.

Below, on the ground floor is a retail shop which has been run as a convenience store for over 20 years. The ground floor tenant is being offered with a rental of $30,000 plus GST on a 1+1 year lease.

The total return on the property is $56,000 per annum. The asking price is $1,150,000 which equals almost 5% return!

With money in the bank virtually worth nothing, stick your nest egg here and watch your investment grow.

An information pack is available on request. For a viewing, please make contact to arrange a time.

KEY FEATURES:
• Freehold retail/residential investment
• 85% NBS/earthquake rating
• Retail tenant has been operating for over 20 years
• Growth area on good street

Property details

Location:
693 Sandringham Rd Extension, Sandringham
Land area:
136 m²
Accomodation:
Yes
Air conditioning:
Yes
Suspended ceilings:
Yes
Partitioned:
Yes
Other features:
Floor coverings
Property ID:
85215

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