204-220 Main Street, Upper Hutt, Upper Hutt

Multi-tenant investment with add value

A multi-tenant investment property located in the best part of Upper Hutt's City Centre.
The property has six well presented retail tenancies with a gym and a three bedroom apartment on the first floor. There are 10 car parks at the rear of the property accessed from Fergusson Drive.
Plenty of scope here to improve this property and its rental. The first floor has potential as residential apartments after expiry of the gym lease given its wide frontage and excellent natural light. Eventually the property will require strengthening and this could be incorporated into an upgrade or conversion.
It's all here for an add value investor to reap the rewards. Opportunities like this are rare.
To obtain copies of all supplementary documents please contact the listing agent.

• Six retail tenancies, gym and a three bedroom apartment
• Large 848sqm site with two street frontages
• Current configuration can generate $110,000 of net income
• Great location next to McDonalds and opposite the mall
• Opportunity to upgrade/strengthen and potential conversion to residential at the expiry of the gym lease.