Attention investors, owner/occupiers and/or developers!
NAI Harcourts is proud to present 15b Bishopdale Court for sale - an affordable entry level commercial investment opportunity that is equally worthy as an addition to your existing portfolio.
Key Features:
- Price by Negotiation
- Prime location, within Bishopdale Shopping Centre
- Fully leased to long term tenant
- Returning net income of $93,000 pa + GST, with potential upside
- Commercial Core Zone
- Refurbished & strengthened to 67% NBS
- Well-appointed, tidy and fastidiously maintained
- Advantaged with ample (free) car parking
- Redevelopment potential
To download the Information Memorandum for this property, please cut & paste this link into your web browser: http://www.propertyfiles.co.nz/property/CIC57789
15b Bishopdale Court (together with 15a Bishopdale Court) occupies a large standalone corner block. The building covers virtually the whole rectangular site area of some 913 sqm.
Constructed during the early 1980s with concrete foundations and floors with Longrun metal roof and aluminium joinery, it has more recently been refurbished and strengthened to 67% NBS; thus offering you peace of mind and a good return on your investment.
The premises is neatly presented and well maintained. It has suspended Pinex ceiling with flush fluorescent lighting and air conditioning systems in place.
It is currently leased to New Zealand College of Business, who has recently taken up another Right of Renewal of 3 Years. Final expiry date is February 2028.
The property is situated within the Bishopdale Shopping Centre in Bishopdale, where there are a number of specialty shops in close proximity, as well as a New World Supermarket. Extensions to the shopping centre, including a bottle store and local tavern, were completed in the 1990s. It has also benefited from the establishment of the YMCA and a newly built City Council library within the shopping centre.
Please contact Harry Lim for further information and viewing arrangements.