Otahuhu - OCCUPIER OR GREAT CASH FLOW INVESTMENT

Description

Deadline Private Treaty closing 2:00pm, Tuesday 28th November 2023 (unless sold prior) at GF RSM House, 62 Highbrook Drive, East Tamaki.

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. Current CV is $2,250,000.

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, train station, plus access to main arterial routes and SH1, 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. plus GST with four year lease term and fixed rental
  

• 250m² (approx) upstairs accommodation - 250m² approximately
  
• Accommodation includes Seven rooms, two bathrooms, large kitchen, new heat pump + it's 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!