Seriously for sale. Realistic vendor says present all offers.
Bayleys is proud to jointly offer for sale, 5 Beatrice Tinsley Crescent, Rosedale, at an asking price of $5.7 million + GST (if any), showing a yield of 5.80%
A unique opportunity to purchase three outstanding office/warehouse units, on a single 2,440sqm freehold title, with a total return of $331k pa net.
Units B and C are fully leased with established tenants.
Unit A is offered as vacant possession, or with a 12-month rental underwrite.
• Unit’s B and C have a combined rental income of $171,000 + GST + OPEX.
• Unit A is offered as vacant possession, or with a 12-month vendor rental underwrite at $160,000 + GST + OPEX.
The property is well located within the North Harbour Industrial Estate and has a commanding high-profile position at the corner of Beatrice Tinsley Crescent and Ride Way.
A mix of sizes and lease terms, with differing office to warehouse configurations presents flexibility for uses, underpinning the attractiveness of this offering.
Affordable freehold investments in Albany are a rare find.
Call the Sole Agents now for further information or to register your interest.