Entry Level Fully Leased Investment

Contemporary ground floor office unit of 160m2* fully leased to 2 separate tenancies for excellent spread of risk.

Tenancy 1 of 94m2* is leased to a professional tenant to May 2024 (plus a further ROR) returning $20,360pa + GST + outgoings. Tenancy 2 of 66m2* is leased to an insurance and financial advisor to July 2023 (plus further ROR's) returning $18,372pa + GST + outgoings. Total rental $38,732pa + GST + outgoings.

Formerly part of the Commerce Club, the site has been redeveloped and the existing building has been fully retrofitted by Cymon Allfrey Architects in 2015, to a complex of residential and commercial units. Well located in the Central City on a high-profile corner site with good street frontage, just inside the 4 Avenues. Advantaged by having a total of 4 onsite car parks, good natural light and multiple access points.

This investment provides an ideal opportunity for an investor to add to their portfolio or someone wanting to purchase their first commercial investment. (* approx.)

Call sole agent Paula Raine 027 221 4997 for further information.

SOLD