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Mt Albert

943 New North Road, Mt Albert, Auckland

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124sqm Land area SQM
229sqm Floor area

Freehold Standalone - Pizza Hut as Anchor Tenant


• Passive investment freehold property in sought-after central Mt Albert
• Two tenancies in place with ground floor occupied by Pizza Hut
• Holding net income of $55,000 + GST p.a.

Situated in the heart of Mt Albert Village, this two storey freehold standalone building enjoys multiple income streams returning total $55,000pa + GST, comprising Pizza Hut on the ground floor and Copapa Construction occupying the basement level - accessed off Ballast Lane.

The 229sqm floor area freehold parcel is well located just a few minute walking distance from Mt Albert Train Station, 15-minute drive to the CBD and within the recently upgraded town centre.

The property consists of 2 tenancies, Pizza Hut occupies the ground floor facing busy New North Road, and a basement tenancy accessed off Ballast Lane - self contained with an existing kitchenette and bathroom/shower facilities. Ballast Lane is a side access cul-de-sac which services the buildings from 927 to 945 New North Road, and traditionally has been used for access/parking.

Take advantage of this passive investment opportunity with two separate incomes streams - anchored by a strong international brand.

Auction
(unless sold prior)

Bayleys House, 30 Gaunt Street, Auckland

17
Mar

Time11am
Calander
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Ken Hu

Ken Hu


Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008
Oscar Kuang

Oscar Kuang


Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008

Features

Income


Holding net income of $55,000 + GST p.a.

Offering


Passive investment freehold property in sought-after central Mt Albert

Tenancy


Two tenancies in place with ground floor occupied by Pizza Hut