Property listing ID: 82535
Price reduction!! The vendor has other projects and wants an immediate sale! With a reduction in the sale price of $100,000, this is a great opportunity for an astute investor! The unit is currently tenanted with a six year lease in place, with a rental income of $48,500 plus GST, making the unit a solid investment. Located on the ground floor of Ramada Albany is this fantastic tenanted retail investment. Ramada Albany has 66 serviced apartments and experiences fantastic occupancy rates, making the building a busy location. Next to the Albany Park n Ride plus near the Oteha Valley on and off ramps, this is a high profile site. The unit is in good company, with nearby tenancies including the Coffee Club, Just laptops, a clothing store and a gym. The neighbouring 117 apartment block, OKLA, is close to completion and with 90% sold. The unit has a total area of 119m² (including patio) and has an immaculate fitout by the current tenant. This is an opportunity not to be missed - with a significant price reduction, a great long term tenant, along with historically low interest rates - take advantage of this opportunity today! Call Brian Paulin today. KEY FEATURES: • Sale price further reduced to $890,000 plus GST (if any) • Tenanted retail investment • Rental $48,500 plus GST • Six year lease • Final expiry date 30 March 2032 • Part of Ramada Albany • Great neighbours • Retail area 119m² (including patio)
Listed by Barfoot & Thompson , Brian Paulin (North Shore Commercial)