Secure a low-maintenance retail investment in a central city location. This body corporate-managed property is situated within an A-grade building and offers investors a straightforward, hands-off ownership opportunity.
The premises are leased to a well-established drapery business, currently generating a net annual rental return of $24,000 + GST with the tenant having uplifted their November 2026 right of renewal, at a revised rent of $25,500, providing ongoing income potential.
Positioned near the prominent Hinemoa Street and Fenton Street intersection, the property benefits from excellent accessibility, metered parking directly outside, and rear lane access with the added convenience of one dedicated car park.
Contact Mark today for further information or to arrange an inspection.
Features:
- Passive investment
- Well-maintained A-grade building
- Tenanted with final expiry in 2033
- Next right of renewal already uplifted
More information: https://www.colliers.co.nz/p-NZL67040786
