SOLE AGENCY
Bayleys is excited to introduce this split-risk, fully leased and affordable opportunity in the heart of Blockhouse Bay. This property boasts two retail tenancies, offering a diversified investment with minimized risk. Situated in a prime location with expansive street frontage, it enjoys proximity to popular cafes and retail outlets, ensuring consistent foot traffic.
Key features:
• Vendor willing to meet the market
• Great location with wide street frontage
• Split-risk investment
• Net passing income: $59,730pa + GST
• Lettable area: 240sqm (approximately)
• Low-risk building with 70% NBS
The existing retail tenants generate a net passing income of $59,730pa + GST. Moreover, there exists potential for market rental growth, presenting the new owner with opportunities to enhance value.
Commercial properties in Blockhouse Bay seldom hit the market, making this a unique chance to invest in a sought-after suburb characterized by low vacancy rates and a vibrant local business ecosystem, complemented by nearby residential areas.
The vendor is committed to a sale. Call now for more information.
Tony Chaudhary
021 995 121
Lalit Arya
021 033 2309