This well-presented commercial investment comprises a modern, well-maintained building situated on 482m² of freehold land, with a building area of approximately 280m². Constructed with solid building materials, the property has a strong 84.5% (NBS) earthquake rating, providing confidence in its structural performance.
The interior features a contemporary, high-quality fit-out that has been designed to meet the needs of professional commercial occupiers. The property also benefits from five on-site car parks, enhancing convenience for staff parking for both tenants.
The investment is underpinned by two established tenants with proven occupancy histories. Te Rito Maioha Early Childhood Education have occupied the premises for 8 years and has recently committed to a new three-year lease returning $61,300 pa net plus GST.
Ambience Hair Salon has occupied the premises for over 20 years and has also renewed on a new three-year lease at $20,000 pa net plus GST. The property generates a combined net rental income of $81,300 per annum plus GST, providing investors with secure and diversified cash flow.
Features:
- Two well established Tenants
- New three-year leases
- NBS rating of 84.5%
- Central CBD location
More information: https://www.colliers.co.nz/p-NZL67041272
