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Somerville - GREAT SECURITY AND INCOME
Price | $785,000 Plus GST (if any) |
Location | Unit 12/9 Gooch Place, Somerville |
Type | Retail Property |
Floor Area | 100 m2 |
Land | m2 |
Listing No # | 90593 |
Listed | 26/07/2023 |
Views | 78 |
Description
Presenting a remarkable property for sale, a tenanted single-level 100m² retail unit that will captivate the interest of savvy investors. Currently occupied by a successful Korean restaurant with an impressive 13 years of trading history, this property is a testament to its enduring popularity.
Strategically located on a corner location, this unit enjoyed exceptional visibility, ensuring maximum exposure to potential customers. Surrounding this prime location are a plethora of amenities and affluent residential communities, guaranteeing a steady stream of foot traffic and a built-in customer base.
The current rental income for this property is $48,000 per annum + GST, offering an enticing opportunity for a lucrative return on investment. The lease term extends until 2028, with the added advantage of rights of renewal for 3x4 years, extending the lease all the way to 2040.
With a current CV of $780,000, this property is not only an ideal option for those seeking a foothold in the thriving hospitality industry but also for astute investors looking to bolster their portfolio with a valuable asset.
Enquire now to seize the benefits and secure a prosperous future in the vibrant world of real estate.
Contact our agents
Barfoot & Thompson Ltd (Licensed: REAA 2008) - South Auckland Commercial
Auckland , 2103
Barfoot & Thompson Ltd (Licensed: REAA 2008) - Pakuranga
Auckland , 2010