Grey Lynn
G09/20 Williamson Avenue, Grey Lynn, Auckland
+6
Grey Lynn - Luxury Retail and Showroom Leased Inve
The Greenhouse sits on the edge of Ponsonby one of Auckland's most vibrant and sought-after neighbourhoods. Comprising an eight-level apartment development, including 91 apartments together with a substantial, high-quality, two-level penthouse apartment. Unit G09, 20 Williamson Avenue consists of a sizeable 313sqm ground level Retail and Showroom unit split into two separate tenancies.
The Greenhouse is beautifully presented to a high quality and includes the use of a resident's lounge. In a high-profile corner position at the intersection of Williamson Avenue and Pollen Street, the property also sits opposite Woolworths Supermarket and is a short, circa 150 metre walk to Ponsonby Road.
The corner tenancy is home to Juno Eatery, a very popular all-day eatery. Enjoying a net rental of $84,000 + GST pa on a 6-year lease term and fixed 3% annual rent reviews.
The balance comprises a stunning showroom/office with a net rental income of $103,800 + GST pa.
This stunning investment opportunity should not be missed. Contact the agents today to arrange a viewing.
Bayleys House, 30 Gaunt Street, Auckland Central
May
4pm
James Were
Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008
Kate Kirby
Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008
Features
Floor area details
313sqm (approximately) freehold retail/showroom unit split into two tenancies
Location
Perfectly positioned in a prime Grey Lynn location circa, 150 metres from Ponsonby Road
Passing income
Enjoys a net rental income of $194,040 + GST pa from two tenancies
Occupancy
Stunning fully leased investment, sit back and enjoy the rental income
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