Entry level commercial investment, $195,000 + GST (if any) will buy.
Colliers has been exclusively appointed to market Unit 74, 9 Kaipiho Lane, Albany, Auckland offered to the market For Sale by way of Negotiation.
Unit 74, 9 Kaipiho Lane is located in the popular Albany location and situated in the Ramada Hotel. Key amenities include Westfield, North Harbour Stadium and Massey University, all conveniently linked by the Northern motorway to the CBD and Auckland region.
Key Features:
- Returning $13,208.88 pa + GST
- 15 year lease
- Rent and Opex (outgoings) paid by tenant (whether studio apartment is occupied or not)
- Fixed rental increase annually and to Market on renewals
- Personal guarantee
- 10 days per year use at no charge to owner / nominated party
It is hard to find investments in this price range. Ideal for first time investors or to add to an investment portfolio.
Contact the Sole Agent Janet Marshall (021 684 775) for an information pack and/or to inspect. Viewings strictly by appointment only.
Features:
* 15-year lease plus 3 x 5 years Rights of Renewal
* Lease Commencement 1 April 2017
* Returning net $13,208.88 pa + GST
* Freehold Albany apartment
* Outgoings paid by the tenant
* 27 sqm fully furnished studio apartment
* 10 days free stay for owner or their nominated party per year