25-35 Commercial Road, Helensville, Rodney, Auckland

SOLE AGENCY

Barfoot & Thompson Commercial are pleased to bring to the market a prominent property that has been in the family for over 36 years, Progressive Buildings, Helensville. An opportunity to acquire a 675m² Freehold site on Commercial Road, just off SH16.

This tenanted investment boasts six tenancies returning $105,000 per annum (passing income) + OPEX and GST, with the opportunity to increase the rentals in the short term.

This well-presented building presents an excellent opportunity for passive investors and future owner-occupiers alike. It comprises a substantial 498m² (more or less) of lettable area. The building is currently leased to Barfoot & Thompson Helensville, a barber, a fish and chips shop, a butcher, and a takeaway shop with one residential dwelling. 

This property will sell significantly below replacement value and there is real value to be capitalised on for the astute investor (including a favourable yield).

KEY FEATURES:

• Occupied by strong long-term tenants

• Net lettable area of 489² (more or less)

• Freehold corner site of 675m² (more or less)

• Plenty of off-street car parks

• Split risk over six tenancies

• Fixed rental growth

• High profile street frontage in busy retail precinct 

• Close to Countdown supermarket

• Prime Helensville location

• High growth area - new and fast developments in the area

• Excellent buying, well below replacement cost

• Zoned Business – Town Centre

All enquiries, requests for further information and arrangements to undertake inspections in relation to this opportunity are to be directed to the Sole Agent.

See this listing on Barfoot & Thompson