Essential neighbourhood convenience centre


1 Arranmore Drive, Flat Bush

Private Treaty

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Essential neighbourhood convenience centre | 1 Arranmore Drive, Flat Bush | 1902476 |      X Close
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Description

Essential neighbourhood convenience centre


UNDER CONTRACT

• Fully leased investment with five tenancies

• Corner site and Neighbourhood Centre zone providing development possibilities

• Large Flat Bush residential catchment

• Returning $181,900pa (approx.) plus GST and outgoings

• Huge presence with immediate upside available

A well presented modern building with substantial onsite car parking will suit astute investors, institutions, family trusts and add value investors alike looking for a long term passive investment which is primed to take advantage of the continual development of the area.

Located in the vast residential catchment of Flat Bush, this premium corner investment comprises five established tenancies including Cafe, Hair Salon, Laundromat, Takeaway and Real Estate office. The site also offers development upside with scheme plans for two additional retail shops and first floor offices.

With a large land holding of 1,463sqm (more or less) freehold site, recently built convenience centres are a rarity.

For Sale by Deadline Private Treaty (unless sold prior) closing at 12pm on Monday the 15th of June 2020 at Bayleys, 2 Harris Road, East Tamaki, Auckland.

Contact the SOLE agents today

Tony Chaudhary

021 995 121

tony.chaudhary@bayleys.co.nz

Amy Weng

021 177 3422

amy.weng@bayleys.co.nz

Janak Darji

021 047 1290

janak.darji@bayleys.co.nz

1 Arranmore Drive, Flat Bush

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