Rarely available Parnell retail/office

29b Bath St, Parnell


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Rarely available Parnell retail/office | 29b Bath St, Parnell | 1686364 |      X Close

Rarely available Parnell retail/office

* Invest, occupy, develop

* Approximately 139sqm freehold commercial unit with 1 exclusive car park

* Current contract net rental of $42,000 + GST per annum

* Primly located in the sought after Parnell

* Opportunity to convert this property to residential (subject to resource consent)

* Well-present retail with high ceiling

This tenanted investment represents an unique opportunity in the highly sought after Parnell precinct, which is a convenient city fringe location within a 8 minute drive to Downtown. Easy walk to the Parnell Road shopping area containing a large concentration of cafes and restaurants. In addition it has quick access to both the north-south SH1 and north-west SH16 via strand.

Nicely renovated to a high standard for the tile business use currently with built in kitchenette, toilet, and existing pipe. Current net rental income is $42,000 + GST till July, 2019 with another 2 year ROR, favourable 'commercial 8C' zoning provides a wide range of attractive development prospects.

This is an extremely rare opportunity in this location , All astute investors, developers and occupiers must inspect.

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29b Bath St, Parnell

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