83-85 Karangahape Road, Auckland Central, Auckland

Affordable K Road investment

Fee simple investment property in prime corner position on Karangahape Road
• Returning $73,000pa + GST and outgoings
• New five year term to established tenant
• Strategic central city position, a short walk from CRL station
• An affordable opportunity in a highly sought after area

Take advantage of this rare chance to secure an affordable, fee simple investment property on the popular Karangahape Road. Located just metres from the intersection of Queen Street and Karangahape Road, this property offers a high profile corner position, with great exposure to vehicle and foot traffic.

The property comprises a two level freehold standalone building with a convenience store on the ground level and a residential apartment above, with a single commercial lease over the entire building. The business has operated from this location since 2009, with the tenant taking a new five year term from September 2019 returning $73,000pa + GST and outgoings.

Affordable fee simple opportunities seldom become available in the central city don't miss this one. Call now for further information.