This suburban commercial property has all the ingredients of an excellent entry investment. Having just been seismically strengthened with full tenancy the location is within the popular Marewa Shopping Centre - a well established shopping complex with excellent car parking and just a few minutes drive from the CBD. The ground floor is home to the long established, Asian-style restaurant Canton Wok, with a current lease term to July 2020 and final expiry in 2023. The very tidy upstairs area has full amenities and is currently occupied. This space holds a range of potential use options.
- Recently strengthened to approximately 80% NBS (New Build Standard)
- Currently net income of approximately $26,692 p.a.
- Great rental upside
- High visibility in one of Napier's busiest traffic locations
- Ideal entry level investment opportunity
Our out of town client's instructions are clear - get this sold!