24 Queen Street, Otahuhu, Auckland City

We are thrilled to present a unique investment opportunity located at 24 Queen Street, Otahuhu, exclusively showcased by Colliers NZ. 

This exceptional property will be available for sale with an asking price of $1,800,000 + GST.

The property presents extremely well and is located on a regular shaped 470m² land parcel with approx. 777m² floor area in the growing suburb of Otahuhu. Due to being a corner site, it offers excellent visibility to both vehicular and foot traffic, making it a prime location for retail activity.

Currently, this property is leased to established tenants, including a plastic packaging retailer, Pacific clothes retailer, print shop with internet cafe, clothes retailer and a commercial kitchen operator. With a net return of $120,937 p.a. + GST, you can enjoy a stable and consistent income stream.

Contact the Sole Agents for further information and to schedule inspections of the property.

Ryan Gibb (021 826 421) or Janet Marshall (021 684 775)

Features:

* Passive Income

* Split Risk Investment - 5 tenants

* Excellent Fitout

* High Profile

* Add-value Opportunity

* High Yielding Opportunity

* Zoning - Business Town Centre

* Corner site Location

* Returning $120,937 pa + GST