High Yielding Investment

Here's a tidy little investment in the heart of Inglewood with a combination that's hard to ignore, a long-established hospitality business downstairs and a residential apartment upstairs.

The two-storey building at 32 Matai Street is home to Funkfish Restaurant, an Inglewood institution with a history stretching back around 100 years. The property has just secured a new three-year lease for the whole building, providing the incoming owner with immediate rental income and a solid tenant in place.

Upstairs is a 2-3 bedroom apartment, adding another dimension to the property.

The building is of wooden construction and, based on the current rental, offers an approximate 10% yield.

Key features:
•Established commercial investment in central Inglewood
•Funkfish Restaurant as the ground-floor tenant.
•New three-year lease
•100-year business history
•2-3 bedroom apartment upstairs
•Two-storey wooden building
•Approx. 10% yield

This is a straightforward investment with an established tenant, strong local history and a residential component providing added flexibility.
Offers over $420,000 + GST (if any).