Ad ID: 63268 Inactive

Investment Retail Property for Sale Auckland

Freehold!! Investment Property in Mangere


Business for Sale Description

Investment Retail Property for Sale Auckland

Prime Central Auckland suburb

An amazing and rare opportunity to buy the freehold property in Mangere.

Located in one of the busiest shopping town centers in the area there is strong foot traffic and a weekend market to give extra boost.

There is ample free parking available.

The property occupies an area of 330 square meters

Market rental assessment $84,110 per annum plus GST and outgoings, excluding the ATM area.

The store boasts an ATM machine which generates additional revenue of $9,000 plus GST per annum.

Very recent market valuation shows an adopted yield of 7.45% against the total assessed rental, inclusive of the ATM contact rent.

Asking Price: $1,400,000

Reference: EL00858

Package price for both the business and the freehold going concern is $1,600,000 plus stock of approximately $95,000. Reference: EL00858 & EL01490

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