Prime passive investment


G01 and 101/70 Tennyson Street, Napier South

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Prime passive investment | G01 and 101/70 Tennyson Street, Napier South | 2801871 |      X Close
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Prime passive investment


•Split risk - two titles. Buy one or buy both.

•Multi-tenanted: anchor tenant lease until 2034

•First floor - $77,292.54 + GST pa. WALT of 9.26 years

•Ground floor - $21,642.55 + GST pa. 7 years remaining

•Total combined net income of $98,935.22 pa + GST

Solid investment within the Art Deco Quarter to acquire two titles on the ground and first floor of a newly developed site, with garage carparking. Providing a split risk multi-tenanted investment with the anchor tenant Caci Clinic on a 13.93 year lease until 2034. The property has a combined WALT of 8.87 years over the two levels.

Ideally located on sought after Tennyson Street, the property is fully refurbished and strengthened to 100% NBS, providing modern, high quality first floor office and a purpose built skin health clinic. On the ground floor Blooms, an established boutique florist shop, occupies a modern retail shop with great profile.

Don't miss out, call now for further details.

Mark Evans

Napier

Licensed under the REA Act 2008

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G01 and 101/70 Tennyson Street, Napier South

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Mark Evans

Napier

Licensed under the REA Act 2008

View profile