741 Whangaparaoa Road, Stanmore Bay, Rodney

FREEHOLD TENANTED INVESTMENT

* High Profile Whangaparaoa Road location
* Freehold site with Town Centre Zoning
* Potential to develop further to increase yield
* Established food operator: Turkish cuisine
* Leased since 2013 on a three year term with ROR
* Renewed in 2016 for another three year term
* Under rented due to missed rent review in 2015
* Next review coming up in Dec 2017 to market rent
* Current income $18,500 pa + GST + outgoings

First time ever on the market since built, properties like these are in high demand on the Hibiscus Coast. Solidly built with prospects to develop further and have wide sea views this is a gem of a property for discerning investors looking for much more than just the yield aspect.

Call now for more details.

Click here to view Mustan Bagasra's personal website