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.