Welcome to 8 South End Ave. A fantastic freehold investment with SH1 exposure, catching 15,000 to 20,000 pairs of eyes on a daily basis.
Located on South End Ave and bordering State Highway 1, the property offers a solid $185,435 of net income from 3 tenants.
This versatile industrial building was built for the well-established 'City Motorhomes & Caravans', which offers the sale of caravans and parts as well as repairs.
City Motorhomes & Caravans have been operating here for over 20 years. They have renewed their lease in 2022 and occupy the majority of the workshops and yard.
Legendary Car Care offers premium car polishing and waxing solutions and occupies the remainder of the office and workshop.
Both tenants are half way through a 6 year lease and have additional rights of renewal.
In addition to the commercial tenants, the property has a spacious consented residential apartment that is currently rented out on a residential property agreement.
State Highway 1 runs right along the eastern border of the property and is easily accessed off South End Ave, mere meters away. A location favoured by various national and international operators in logistics, manufacturing and retail.
The property is flat, is fully fenced and secured and has low maintenance mature palms lining the driveway for a premium feel.
8 South End Ave remains in excellent condition as the vendors have meticulously maintained the property in every aspect.
Key property highlights:
- Net income of $185,435+gst (if any)
- Industrial stronghold with significant SH1 exposure
- Consented private living quarters, currently rented out
Call Paul today for more information and viewings.
