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A Winning Quinella

Te Aroha, 30 Stanley Avenue

$220,000 Plus GST (if any)

Listing Number: TZ4252
About this listing
An affordable commercial investment property with two long standing tenants on a prominent State Highway 26 corner site with good parking facilities. The building has a near new roof and regular maintenance has been undertaken. The land has a favourable lease from the MPDC for a further 13 years of 21 with right of renewal.
Property Information
  • Approx Floor Area: 260 sqm
  • Land Size: 476 sqm
  • Tenure: Leasehold Details (Leasehold)
  • Ground Lease $: 4820.0
  • Parking: Carparks: 7, Uncovered: 7
  • Property Type: Retail, Tenanted Investment
  • Tenancy: Total rental if more than 1 tenancy $ (+ GST): 20282.59, Additional Details: Rates MPDC $2675 + gst WRC $218.56 + gst
  • Tenancy 1: Rental net/gross p.a.: 12200, Tenant Name: Stanley Avenue Ttraders, Term (years): month by month
  • Tenancy 2: Commencement Date: 2018-03-14T00:00:00.0000000, Expiry Date: 2020-03-14T00:00:00.0000000, Rental net/gross p.a.: 8082.59, Tenant Name: YW Zhong & SH Yuan, Term (years): 2

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