Otahuhu - OCCUPIER OR GREAT CASH FLOW INVESTMENT

Description

Located at 327 Great South Road, Otahuhu is this Freehold two-level commercial property prominently positioned in the centre of Great South Road in Otahuhu town centre. The 562m² floor area over two levels sits on 412m² Freehold land, providing car parking at the rear of the building and great exposure to the main street. 

Otahuhu is a high-growth suburb, neighbouring suburbs Papatoetoe, Mangere, Mt Wellington and Penrose. It serves as an important part of Auckland's southern transport network with a major bus interchange and train station, plus access to main arterial routes and SH1 and SH2 motorway on and off ramps.

KEY FEATURES:

• Fee Simple Freehold 412m² land
• 562m² floor area over two levels
• Ground floor is trading as a retail business - South Pacific clothing
• Rental $100,000 p.a. + GST with four year lease term and fixed rental

• 250m² (approx) upstairs accommodation - rented $1,000 per week fixed 1 year term
• Accommodation includes seven rooms, two bathrooms, a large kitchen, new heat pump plus its own entrance and, Healthy Home certificate
• Car park at the rear of the building
• Central location with great profile
• Business Town Centre zone allows both commercial and residential activities

Here are the options for you:

• Receive rental income from the downstairs tenant and live upstairs or use it as an office 

• Rent out the upstairs accommodation/office as well and get two rental incomes which offers a great cash flow

For further information or to arrange a viewing, contact the sole agents today!