16-26 Moore Street, Howick, Manukau

Howick retail investment - multiple income streams

• Split risk investment with future development potential
• Six retail tenancies on four titles
• Total return $192,267.75 + GST and outgoings
• WALT 3.03 as at 1st October 2022
• Hold or develop

Situated in Moore Street, Howick and for the first time in 27 years, these four freehold titles are offered for sale as one parcel. The six retail shops, all with longstanding tenants, are returning $192,267.75 + GST and outgoings. The tenants include four national tenants plus a cafe and an office user.

The property is Town Centre zoned, has a combined building area of 532.33sqm (more or less) on 1,023sqm (more or less) parcel of land, has a 13 meter height restriction under the Auckland Unitary Plan and a 42 metre prime frontage all of which indicate excellent potential for redevelopment (purchasers must make their own assessment). Or you could hold as the vendor has done and reap the benefits of the income from these excellent tenants.

Often said but opportunities like these are rare and becoming rarer.

Call now to receive full information and viewing details.

Geoff Wyatt
021 982 322
geoff.wyatt@bayleys.co.nz