Income on tap - new 5-year net lease
This well presented, single level retail/hospitality building with a substantial garden bar is situated on a prominent corner site with two street frontages and a service lane to the rear.
A popular local restaurant occupies the western side of the property and opens to a substantial garden bar.
Gaming machines as well as more bar seating and bathroom facilities are located on the eastern side. There is a small upstairs area for staff offices.
The bar and restaurant operation are supported by income from gaming machines.
It has been seismically upgraded to exceed 67% of New Building Standard and the lease has just been renewed for a further term of five years with the tenant paying the outgoings.
Returning $128,000pa net + GST this property represents a functional, fit for purpose investment proposition.
To obtain a copy of all supplementary documents please register your interest at www.propertyfiles.co.nz/8-14evansstreet&25oatesstreet
• Established tenant with new 5-year lease
• Seismically upgraded to exceed 67% of New Building Standard
• Net lease - tenant pays the outgoings
• Current net income $128,000pa + GST
A popular local restaurant occupies the western side of the property and opens to a substantial garden bar.
Gaming machines as well as more bar seating and bathroom facilities are located on the eastern side. There is a small upstairs area for staff offices.
The bar and restaurant operation are supported by income from gaming machines.
It has been seismically upgraded to exceed 67% of New Building Standard and the lease has just been renewed for a further term of five years with the tenant paying the outgoings.
Returning $128,000pa net + GST this property represents a functional, fit for purpose investment proposition.
To obtain a copy of all supplementary documents please register your interest at www.propertyfiles.co.nz/8-14evansstreet&25oatesstreet
• Established tenant with new 5-year lease
• Seismically upgraded to exceed 67% of New Building Standard
• Net lease - tenant pays the outgoings
• Current net income $128,000pa + GST
Key features
Location
Main shopping centre
Lease term
New 5-year lease
Lease
Net lease – tenant pays the outgoings
