- Excellent freehold standalone retail investment opportunity
- Fully leased on new four year lease, returning $96,000 + GST p.a. (net)
- Highly desirable commercial and residential location in popular suburb of Mt Eden
- Central position in the vibrant Balmoral retail strip with great profile
- A rare retail investment opportunity in a tightly held city fringe location - don't miss out!
High profile Mt Eden retail property on Dominion Road, centrally positioned within the bustling Balmoral retail strip. The property features not only a high profile retail frontage to Dominion Road but also benefits from off street car parking accessed via a rear service lane.
The tenant has shown strong commitment to the property after conducting a thorough refurbishment and upgrade of the building plus has signed a new four year lease. Simply sit back, enjoy the cash flow and watch this location continue to take shape.
Strategically positioned in an area set to see major growth, consideration must also be given to the future potential this property provides. Both the current zoning and the Proposed Auckland Unitary Plan set height limit to 12.5 metres (three storeys).