Paraparaumu
202 Kapiti Road, Paraparaumu, Kapiti Coast
For Sale by Negotiation
Kick Start Investment on Kapiti Road
Perfect for first time investors or addition to your portfolio, with spread of income streams.
This compact and tidy commercial property is situated on 510sqm of freehold land comprising of a 275sqm single level building, being split into three tenancy areas (Style Hair Design, Kapiti Kitchen and Bathroom and Stand for Children) providing an annual net return of $62,525 + GST.
Sought after location and adaptable for multiple business uses, the current tenant businesses enjoy the accessibility, profile and convenience for customers that this property provides. Neighbouring brand businesses include Guthrie Bowron, Lewis Home Fabrics, MTF Finance and KIA dealership to name a few
Six carparks located to the rear of the building and landscaped front entrance adds to the appeal of this investment alongside recent building maintenance and tenancy refurbishments.
Options to increase return with pending rent reviews and rights of renewals. Investment properties along this popular Kapiti real estate strip are tightly-held - so maximise this opportunity to secure for long term gains.
Jo Stewart
Capital Commercial 2013 Ltd, Bayleys,
Licensed under the REA Act 2008
Features
Floor area
Single level split into three tenancies
Location
Central Paraparaumu growth region
Opportunity
Ideal first time investor or add to portfolio
Amenities
6 onsite car parls
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