202 Kapiti Road, Paraparaumu, Kapiti Coast
Price by Negotiation
•Land 501 m2
•Building 270 m2 (more or less)
•Fully tenanted
•Sought after offering in affordable price bracket
Seldom do commercial buildings of this quality and investment potential become available to purchase in Paraparaumu's commercial district. Currently returning $65,925 + GST p.a. there is ample scope to add value with rent reviews due later this year.
Split into 3 tenancies - Kapiti Kitchen and Bathroom, Style Hair Design and Stand for Children - 202 Kapiti Road sits alongside other quality branded businesses including Guthrie Bowron, Lewis's Home fabrics and KIA dealership.
The property is not only well presented but very functional for both tenants and their clientele. With an NBS rating of >67%, 6-7 onsite carparks, together with excellent accessibility and low maintenance, this property offers an attractive investment opportunity that must be sold.
Entry level as well as seasoned investors will therefore not want to miss out on this bankable asset.