Hot Entry Level Investment!


3/45-61 Merton Street, Trentham

Private Treaty

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Hot Entry Level Investment! | 3/45-61 Merton Street, Trentham | 3301598 |      X Close
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Hot Entry Level Investment!


With all the recent changes made to Residential investing, is now the time to dip your toes into a commercial investment?

Situated in the popular Merton Street Shopping Centre, this busy Fish & Chip shop presents an excellent entry level commercial investment opportunity for a savvy investor.

Located on a busy roadway and surrounded by residential housing and with schools nearby, this shop is busy all year round.

With a nice and tidy fit out, two dedicated staff parks and plenty of customer council car parking right out front, and annual market rent reviews upon renewal - this investment provides a steady increase in income over the years to come...

Lease Details

*Gross Income $14,400 + GST p.a (Currently undergoing market rent review)

*Net Rental approx. $10,485.48 + GST p.a

*Current lease expiry 10 February 2023 + 1 right of renewal of 1 year

*Annual market rent reviews

*90 sqm floor area

*2 car parks

Property Details

R.V $125,000 @ 1 Aug 2019

Building Age 1960-69

Commercial 8A Zoning

Body Corp $2,076 p.a

Rates $1,838.52 p.a

Please register under Property Files to view the further information on this property including the lease documents, body corporate, rates & insurance, title and information memorandum:

http://www.propertyfiles.co.nz/583360001

This property is being sold by way of Deadline Sale (Right to sell prior) - Closing on Thursday 29th April, 2021 at 4:00pm.

Please do not hesitate to contact Hadleigh Petherick in regard to any aspect of the content included in the further information on this property or to arrange a viewing of the property.