Iconic City Fringe Property - With Options

184-190 Jervois Road, Herne Bay


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Iconic City Fringe Property - With Options | 184-190 Jervois Road, Herne Bay | 1689678 |      X Close

Iconic City Fringe Property - With Options

- Standalone freehold commercial property of 690sqm on vibrant Jervois Rd

- Split risk investment currently returning $155,288 p.a. (net) from 4 tenancies

- Favourable Business - Local Centre zoning provides multiple future options

- Rarely do such opportunities arise in this aspirational city fringe precinct

- This iconic Herne Bay property known as the "Exeter Buildings" which has been held by family interests for 50+ years, is now offered to the market for sale by way of tender ,- providing a range of future opportunities to purchasers.

Situated on a 690sqm freehold site providing excellent exposure to Jervois Road between Ardmore Road and Wanganui Ave , this property includes an existing 2 level multi tenanted building which offers approximately 502sqm of total lettable floor area , plus outdoor yard space .

The four established tenancies provide for a "split risk" cash flow investment and the current lease terms provide for favourable future renovation or redevelopment possibilities , providing a rare opportunity to purchase commercial property in this tightly held and strategic city fringe location.

This property is offered for sale by tender closing 4pm 12th March 2020 (unless sold prior)

Call the sole appointed agents now for full details, including a copy of the comprehensive information memorandum, lease details and inspection arrangements. This is an opportunity not to be missed.

Mike Adams

021 977 527

JP Smit

021 021 61616

184-190 Jervois Road, Herne Bay

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