Split risk investment with long lease


932-934 New North Road, Mt Albert

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Split risk investment with long lease | 932-934 New North Road, Mt Albert | 1688841 |      X Close
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Split risk investment with long lease


•Split risk in sought after Central Mt Albert

•Potential income of $98,800 pa. (gross income, part from residential flat)

•Standalone building on freehold land area of 306sqm

•2 x commercial tenancies on the ground level plus 4 bedrooms flat on top

An opportunity to secure a split-risk investment in sought-after Mt Albert suburb. The 306sqm freehold parcel is well positioned opposite the train station, 15-minute drive to the CBD and within the recently upgraded town centre.

The property consists of 4 bedrooms flat on the 1st floor and 2 x food tenants occupy the ground level. It has a total annual net income of $78,000 from 2 commercial tenants and advantage to lease out upstairs flats; the ground level combines two commercial tenancies: Mt Albert (XiangCheng) BBQ Noodle House on brand new 10 years lease & Roadside Kebabs established since 2015.

This property is ideal for the astute investor wanting to acquire easily managed retail investment to their portfolio and an opportunity to add value in near future.

932-934 New North Road, Mt Albert

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