Rare value add opportunity in Karori


262-264 Karori Road, Karori

By Negotiation

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Rare value add opportunity in Karori | 262-264 Karori Road, Karori | 3253979 |      X Close
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Rare value add opportunity in Karori


The property comprises a two level building with rear access to an unbuilt yard area of approximately 250sqm.

Comprising of two retail tenancies on the ground floor and what was a 5 bedroom flat more recently used as offices on the first floor, only one of the ground floor tenancies is currently leased to Brumby's Bakery and provides a holding income of$40,000pa gross + GST.

The strategic location in the heart of Karori, opposite the library, adjacent to bus stops and within walking distance of supermarkets, service stations and Karori Mall adds massive potential and appeal to the property. This could be the perfect opportunity to relocate your business to the suburbs.

In a market starved of quality add-value suburban opportunities, this is a chance to secure a freehold building with huge upside - do not miss this one!

To obtain copies of all supplementary documents please register your details at https://www.propertyfiles.co.nz/property/262to264karoriroad

β€’ Prime central Karori location

β€’ Close to public transport and amenities

β€’ Two storey building with undeveloped land and rear access

β€’ Potential income as is of $130,500pa + GST gross

262-264 Karori Road, Karori

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