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

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