Exciting Inner City Investment Opportunity
With $60,360 +opex & gst per annum as income from the ground floor, this property would make an ideal investment for an owner occupier looking to move into the first floor.
The ground floor tenant has a lease on the ground floor for 4 years from 29 August 2019 and a further renewal option of a further 4 years.
22 Walker St went under a major renovation and strengthening project during and post the EQ period and the tenants currently enjoy an NBS rating of 100% as assessed by Powell Fenwick. Purchasers will benefit from this work all having been completed.
Walker St is well situated within the 4 avenues between the one way streets of Montreal St (northbound) and Durham St (Southbound) and runs parallel to Moorhouse Ave and is handy to New World supermarket on Moorhouse Ave, nearby cafés, the new Metro Sports Centre (currently under construction) and a quick walk to the central CBD.
- 100% NBS as assessed by Powell Fenwick
- 6 x onsite carparks
- Income from ground floor - $60,360 + opex & gst
- Total gross floor area = 490m2
- Well suited for owner occupiers
The owners of 22 Walker St have other projects they wish to pursue and have instructed me to get this property sold on or before auction day.
To arrange an inspection or for further information, please contact Paul Middleditch on 027 276 7047 or paul.middleditch@naiharcourts.co.nz