Tender: Closes on Thursday 11 February 2021 at 1:00PM (unless sold prior)
The subject property is located at 693 Sandringham Road, Sandringham comprising 136m² of Freehold land and approximately 172m² of solid building over two levels.
The property includes an upstairs two-bedroom apartment which was built in 2001. Below, on the ground floor, is a retail shop which has been run as a convenience store for over 20 years. The property has an 85% NBS/earthquake rating.
Sandringham Road is a key arterial route providing easy public transport to rail lines and the CBD. The surrounding suburbs of Mt Albert, Mt Eden, Balmoral, Kingsland, Pt Chevalier and Grey Lynn create the inner western fringe of the city, one of Auckland's most desirable locations to live.
Sandringham is experiencing a rejuvenation as strong residential redevelopment is occurring deriving the need for supporting commercial amenity.
There are two options here. Firstly, you can buy the property. Secondly, you can buy the property and ground floor retail (convenience store) business together and continue operating.
With money in the bank virtually worth nothing, stick your nest egg here and watch your investment grow.
An information pack is available on request. For a viewing, please make contact to arrange a time.
- Freehold retail/residential investment
- 85% NBS/earthquake rating
- Retail tenant has been operating for over 20 years
- Growth area on good street