G08/1 Kaipiho Lane Albany | Barfoot & Thompson

G08/1 Kaipiho Lane, Albany

For Sale $988,000Plus GST (if any)

TENANTED RETAIL INVESTMENT WITH 6 YEAR LEASE


Albany on Auckland's North Shore continues to grow, as well as the opportunities along with it.

Located on the ground floor of Ramada Albany is a 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 & Ride plus near the Oteha Valley on and off ramps, this is a high profile site.

The unit is in good company including tenancies from the Coffee Club, Just laptops, a clothing store and a gym. The vendor has agreed to reduce the price to $988,000.00 (plus GST - if any). The neighbouring apartment block OKLA is nearing completion and has sold 90% of the 117 apartments. This block is due for completion in 2020.

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 interest rates hitting new lows, commercial property makes for a better return. Call Sole Agent, Brian Paulin today.

KEY FEATURES:
• Tenanted retail investment
• Rental $48,500 plus GST
• Sale price reduced to $988,000.00 plus GST (if any)
• Six year lease
• Final expiry date 30 March 2032
• Part of Ramada Albany
• Great neighbours
• Retail area 119m² (including patio)

Property details

Location:
G08/1 Kaipiho Lane, Albany
Property ID:
82535

Call Brian

Brian Paulin

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