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Solid Investment - Dual Tenancy With Long Term Tenant

Rosedale, 1A/331 Rosedale Road

Auction 02 Nov 2017 Unless Sold Prior

Listing Number: NSC26286
About this listing
This could be an ideal solid investment to add to your portfolio, secure with an annual net rental return of $80,355.00 plus GST. The property offered for sale has dual tenants - one being a well-established, long-term cafe and the other, a small office tenancy with its own entrance and amenities. There is also the added bonus of 14 car parks.

The Cafe:
The cafe is the hospitality and business hub of this bustling office complex (made up of 8 office buildings), conveniently situated at the intersection of Bush and Rosedale Roads, with a road-front exposure and floor area of approximately 129sqm. You cannot miss this place - it is easily identified by the vintage orange Vespa scooter parked outside. It has a lovely north facing outdoor patio and the bonus of 10 car parks.
- Rental: $60,670.00 + gst p.a.
- 8 year term with 2 rights of renewal of 8 years.

The Office:
This office is a popular, sought after size for tenants, with its own separate entrance and a floor area of 58sqm approx. It also has its own fully self-contained amenities plus 2 covered car parks. The quality fit-out is owned by landlord.
- Rental: $16,565.00 + gst p.a

Additional car parks:
2 covered car parks are leased to neighbouring businesses at $3,120.00 + gst p.a.

With an excellent possible return and secure lease terms this property makes for a great addition to your to investment portfolio! Call NAI Harcourts today for further information.
Auction date
Thursday 2 Nov 1:00 p.m. (128 Hurstmere Rd, Takapuna)
Unless Sold Prior
Property Information
  • Approx Floor Area: 187 sqm
  • Tenure: Unit Title
  • Parking: Carparks: 14, Covered Carparks: 10, Uncovered: 4
  • Property Type: Retail
  • Approx Floor Area
    • Office Square Metres: 58
    • Retail Square Metres: 129
  • Legal details
    • Body corp fee $: 5997.98

Contact Details

Property Location

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