Takapuna, 438 Lake Road NSC29695

FOR SALE: The owner is now an enthusiastic seller. Act now!

Offers around $3,000,000 will be presented.

An opportunity to purchase a split risk retail building comprising of three separate tenancies. The tenancies are occupied by The Noodle Canteen, Lake Rd Dumplings and Blue Ocean Convenience store, which are all premises of less than 120m² each, an ideal and affordable size for these type of outlets.

- Great opportunity for investors
- Net return $135,199 plus GST pa. One tenancy CPI increase 1 Jan 2020 is anticipated to increase net return to circa $137,300 pa
- Another tenancy has an automatic increase of $2,735 in 1 June 2020. Net return will then be circa $140,035 pa
- THE OPPORTUNITY IS TO PURCHASE NOW!
- Great location in Takapuna - close to the main centre and the mall
- Tenants have been in occupation long term
- High demand for small retail space in Takapuna
- 5 car parks at rear

Please phone NAI Harcourts for more details.