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)