NAI Harcourts are proud to bring to market this generational investment opportunity prominently positioned in the vibrant heart of Browns Bay. Extensively refurbished in 2014; this property comprises of 8 tenancies including national brands ASB Bank and Coffee Club. 38-42 Clyde Road has an excellent investment risk profile which is occupied by a range of business uses including hospitality, retail and professional services.
Located on the corner of Clyde Road and Inverness Road the property boasts of a land area of 1,487 sqm and approx 71m of prime retail frontage with tenancies ranging from 36sqm to 226 sqm. A total net lettable area of 1,092 sqm and 12 carparks which are accessed via Inverness Road. A loading bay at the rear of the property provides internal access to the tenancies.
With a healthy effective rental income of $424,816 + GST p.a. this opportunity is one you don't want to miss.
Investment Highlights:
- Freehold corner site
- Multi-tenanted Investment
- 71m (approx) of corner retail frontage
- 1,092 sqm of net lettable area (more or less)
- 1,487 sqm land area (more or less)
- 80% NBS rating
- 100% occupation
- Zoned Business Town Centre
For more detailed property information or to arrange a private viewing contact Isaac 027 702 0663 or Nick 021 070 9850.
