G01 and 101/70 Tennyson Street, Napier South, Napier

Prime passive investment

Split risk - two titles. Buy one or buy both.
• Multi-tenanted: anchor tenant lease until 2034
• First floor - $74,822.97 + GST pa. WALT of 9.26 years
• Ground floor - $21,642.55 + GST pa. 7 years remaining
• Total combined net income of $95,560.62 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 8.79 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.