88 Hendon Avenue, Mt Albert, Auckland

Affordable Investment Opportunity

- Freehold standalone building
- 71sqm (more or less) corner retail property
- Rare opportunity to own an affordable investment property
- Returning net income of $16,800 p.a. +GST

This property provides an affordable investment opportunity in a well located position, situated at the end of an established retail block at the corner of Hendon Avenue and Hargest Terrace, in the suburb of Mt Albert. The property is able to service the surrounding residential community and traffic moving between Great North Road and Richardson Road.

Currently returning a net income of $16,800 +GST p.a. on a three (3) year lease (from 1st April 2013 with one right of renewal of 3 years) and currently operating as a dairy/convenience store for the neighbouring community.

There may also be an opportunity in the future for owner occupiers and add value investors.

Full details and viewing times are available upon request.

Auction 11.00am, Wednesday 20 May 2015 (unless sold prior)
4 Viaduct Harbour Avenue, Maritime Square, Auckland