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Stokes Valley

8-14 Evans Street and 23-25 Oates Street, Stokes Valley, Lower Hutt

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480sqm Floor area

For Sale by Negotiation

High yield investment


If 7.5% return or better is your cup of tea, then look no further!

This well presented, single level retail/hospitality building has a substantial garden bar to its north west and has recently been seismically upgraded.

It is fully leased to one of Wellingtons most highly regarded hospitality operators with a little under four years to run on the current term of the lease.

The property is on a prominent corner site with two street frontages and a service lane to the rear.

On the western side is a seating area for the restaurant. On the eastern side are the gaming machines as well as more bar seating plus bathroom facilities. There is a small upstairs area for staff offices.

The bar and restaurant operation are supported by income from 18 gaming machines and a TAB.

Returning $112,000pa net + GST this property represents a functional, fit for purpose investment proposition.

To obtain copies of all supplementary documents please register your details at https://www.propertyfiles.co.nz/8-14evansstreet

• Popular suburban bar and restaurant
• Supported by income from 18 pokies
• Wellingtons premier hospitality operator
• Net rental $112,000pa + GST

Paul Cudby

Paul Cudby


Capital Commercial 2013 Ltd, Bayleys,
Licensed under the REA Act 2008
Bhakti Mistry

Bhakti Mistry


Capital Commercial 2013 Ltd, Bayleys,
Licensed under the REA Act 2008

Features

What is it?


Popular suburban bar and restaurant

What is the income?


Net rental $112,000pa + GST

What’s the twist?


Supported by income from 18 pokies

Who’s it leased to


Wellingtons premier hospitality operator