4/1 Greenwich Way, Unsworth Heights, Auckland - North Shore

Nestled in the heart of Unsworth Heights, this retail investment opportunity at 4/1 Greenwich Way boasts a Unit Title with a well-maintained concrete exterior and iron roof, built in 2002. It offers a single bathroom, three carparks, and a generous 90 square meters of floor area. The property has seen a significant Capital Value increase of 25% from $380,000 in 2017 to the current $475,000 as of June 2021. The HouGarden AVM estimates a value of $470,000, making it an attractive prospect for investors.

With a history of successful operation since 2003, the tenanted liquor store generates a net rental income of $31,000 per annum, with all outgoings paid by the tenant. The lease has 2 years remaining, with renewal options available until 2042. This property is not only an investment in real estate but also in a community, being the only liquor store in the vicinity of the residential area and The Greenwich Gardens Retirement Village. It's located in a quiet cul-de-sac with convenient access, enhancing its appeal.

For families, the property falls within the Target Road School zone (Decile 6), as well as the highly regarded Albany Senior High School (Decile 10) and Albany Junior High School (Decile 10). This combination of investment potential and educational opportunities makes it a compelling choice for small investors looking for a secure and steady income stream.

Updated on November 19, 2024