Property Description

Estate Sale

For around the cost of an average home, you could own this multi-tenancy retail investment property – situated on a prominent corner on a main arterial road in a popular suburban location.

• 7 retail tenancies – 1 with bedsit above
• Gross rental $91,296 per annum plus GST
• Upside – 1 vacant
• Substantial tenant investments in fit-outs
• Each tenancy has its own amenities
• Storage units at the rear with vehicle access
• Building has been strengthened
• RV $880,000
• High underlying land value

Beats residential – higher returns, income risk is spread and interest on the mortgage is tax-deductible.

*Boundary marking indicative only

Price by negotiation

Due Diligence Information

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Multi tenancy retail with upside

161-175 Randwick Road, Moera, Lower Hutt

509 m²
Basic Details
Listing ID : 1495
Listing Type : For Sale
Land Area : 800 m²
Floor Area : 509 m²
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