8-10 St Georges Road, Avondale, Auckland

Established laundromat 12-year lease

Located on a high-profile site in Avondale, this property enjoys wide street frontage to St Georges Road and is in close proximity to the busy Avondale roundabout. 8-10 St Georges Road is one of six units in a wider retail complex catered to retail and food services.

The subject property is single level, a freehold unit comprises of 116sqm (more or less) of ground floor space with ample car parks onsite. The Spin Cycle Laundromat has been trading for the past 20-years and became one of the anchor tenants in the complex. Returning $38,000pa plus GST and outgoings with nine years remaining on the current lease term. Furthermore, the unit also faces out to generous onsite car parking.

The property is located approximately 4km from the interchange of the Northwestern Motorway and 400 meters from the New Lynn Transport hub which accommodates both the train station and connectivity with the bus network.

Key features
• High-profile location with frontage to the Avondale roundabout
• Well established tenant returning $38,000pa plus GST and outgoings
• Future rental upside on a passive and essential laundromat investment
• Close proximity to the Avondale Train Station and established tenancies
• Huge growth location with substantial residential housing developments nearby

A great opportunity to purchase an excellent affordable investment at a rapidly growing location. Call now for more information!