Mount Albert - PRIME INVESTMENT OPPORTUNITY

Description

Restaurant space with basement levels in Mt Albert Village.

Introducing an exclusive opportunity to own a remarkable Freehold property situated on New North Road within the vibrant Mt Albert Village. This three-storey building presents a single tenancy, generating a net income of $34,728.75 per annum + GST.

The ground level area accommodates a restaurant, complemented by two lower basement levels designed for workroom or storage purposes. Spanning across approximately 121m² of land, this property boasts a floor area of around 212m², as recorded by the council. Additionally, it offers the convenience of rear car parking accessible through an elongated driveway.

Benefitting from a recently renewed lease for three years starting from June 2022, with an additional three-year right to renew, this property promises stability and potential for repositioning upon its final expiry in 2028.

Strategically positioned amidst the bustling eateries of Mt Albert Village, this locale thrives seven days and nights a week. Additionally, its proximity to the train station enhances accessibility and allure.

This offering represents a prime investment opportunity in a coveted location, ensuring both immediate returns and the promise of a prosperous future. Embrace this chance to own a piece of the thriving commercial hub in the heart of Mt Albert.

Ignore the CV, the keen vendor wants to see offers.

For further details or to arrange a viewing, please contact the listing agents.