Blockhouse Bay
557-561 Blockhouse Bay Road, Blockhouse Bay, Auckland
+8
Motivated, realistic vendor, make an offer
SOLE AGENCY
Bayleys is excited to introduce this split-risk, fully leased and affordable opportunity in the heart of Blockhouse Bay. This property boasts two retail tenancies, offering a diversified investment with minimized risk. Situated in a prime location with expansive street frontage, it enjoys proximity to popular cafes and retail outlets, ensuring consistent foot traffic.
Key features:
• Vendor willing to meet the market
• Great location with wide street frontage
• Split-risk investment
• Net passing income: $59,730pa + GST
• Lettable area: 240sqm (approximately)
• Low-risk building with 70% NBS
The existing retail tenants generate a net passing income of $59,730pa + GST. Moreover, there exists potential for market rental growth, presenting the new owner with opportunities to enhance value.
Commercial properties in Blockhouse Bay seldom hit the market, making this a unique chance to invest in a sought-after suburb characterized by low vacancy rates and a vibrant local business ecosystem, complemented by nearby residential areas.
The vendor is committed to a sale. Call now for more information.
Tony Chaudhary
021 995 121
tony.chaudhary@bayleys.co.nz
Lalit Arya
021 033 2309
lalit.arya@bayleys.co.nz
Tony Chaudhary
Bayleys Real Estate Ltd, South Auckland,
Licensed under the REA Act 2008
Lalit Arya
Bayleys Real Estate Ltd, South Auckland,
Licensed under the REA Act 2008
Features
Floor area details
240sqm (approximately)
Passing income
$59,730pa + GST
Seismic (NBS rating)
Low-risk building with 70% NBS
Available
Now
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