Prime Penrose investment - 6% plus yield


Unit E, 419 Church Street East, Penrose

By Negotiation

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Prime Penrose investment - 6% plus yield | Unit E, 419 Church Street East, Penrose | 1689359 |      X Close
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Prime Penrose investment - 6% plus yield


*SOLE AGENCY*

• Returning $105,580 net + GST from an established tenant plus the benefit of a 6% management fee

• Current lease until 2022 plus a further right of renewal

• Rent review due this year has potential upside

• Excellent location minutes from the Southern motorway interchange

This high profile property comprises first floor office and boardroom, an open plan office space and a modern reception with client waiting area. The property has full modern facilities and a functional layout with natural light throughout providing a very pleasant working environment. Ample carparking is allocated to the unit.

The property is extremely well located in the heart of Penrose's industrial precinct, situated only minutes away from the Southern motorway and just off Great South Road, which ensures easy access to locations hroughout Auckland.

Elderly vendors want quick sale.

For further information or to view, please contact the sole agents:

James Valintine

021 023 71868

james.valintine@bayleys.co.nz

Sunil Bhana

021 938 660

sunil.bhana@bayleys.co.nz

Unit E, 419 Church Street East, Penrose

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