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• Freehold standalone investment in the Otahuhu town centre
• Holding income of $30,000 pa. + GST till end of October 2023
• Close to the Otahuhu transport networks and other amenities
• Owner-occupiers and add-value investors must not miss this opportunity
This investment comprises a two-level commercial premise with high stud ground floor retail space and a first-floor office amenity. With a floor area of 170sqm (approximately), the property offers a solid foundation for a possible owner occupier with multiple options and add value investors alike. Being a band branch for many years, the property is ripe for redevelopment/repositioning.
In this location, investors and occupiers should take advantage of the rejuvenating Otahuhu town centre and its close proximity to the train station and Otahuhu transport networks.
Properties of this size, with this type of exposure offer numerous opportunities and will suit a variety of businesses.
The vendor is highly motivated and wants the property sold by auction. Owneroccupiers & add-value investors should not miss out on this strategically positioned asset.
Tenancy Details:
Returning $30,000 + GST pa. (net). Full tenancy details are available on request.
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.01 km | 2 | 1 | -m2 | 2024年03月25日 | $468,000 | Council approved | |
 | 0.11 km | 3 | 1 | 120m2 | 2024年02月28日 | $935,000 | Council approved | |
0.26 km | 2 | 1 | 70m2 | 2024年02月18日 | $525,000 | Council approved | ||
0.10 km | 6 | 320m2 | 2024年01月16日 | $1,210,000 | Council approved | |||
 | 0.14 km | -m2 | 2023年12月06日 | $365,000 | Council approved |