This is an ideal first commercial investment property! Our owners are committed to another business opportunity and this must be sold!
The Victoria Park Market is one of Auckland’s most highly sought after retail and hospitality locations offering a character and diverse retail experience. Home to over 60 Tenants, VPM is bustling with hospitality, boutique shops and both national and international brands.
Unit 13 which is available for sale by auction has a floor area of 45m² and new lease 3 + 3 year lease after the pop up tenant tested out the location for their business, securing a long term lease is a reflection of the great location and value the tenant sees in the area.
– New 3 + 3 year lease as of 1st Oct 2019
– Gross rental of $31,200 + GST
– Guaranteed rental growth each year
– Floor area of 45.1m² (more or less)
– 70% NBS rating
This is an ideal opportunity and at an affordable price for investors entering the commercial market and are wanting to achieve an actual return on their property investment.
For more information and an appointment to view this property, please contact the agents at NAI Harcourts Cooper & Co today.
Provided by Marty van Barneveld
$399,000 Plus GST (if any)