Otahuhu - Occupy or Great Cash Flow Investment

Description

Located at 327 Great South Road, Otahuhu is this Freehold two-level commercial property prominently positioned in the centre of Great South Road in Otahuhu town centre. The 562m² floor area over two levels sits on 412m² freehold land, providing car parking at the rear of the building and great exposure to the main street.
Current CV is $2,250,000.
Otahuhu is a high-growth suburb, neighbouring suburbs of Papatoetoe, Mangere, Mt Wellington and Penrose. It serves as an important part of Auckland's Southern transport network with a major bus interchange, train station, plus access to main arterial routes and SH1, SH2 motorway on and off ramps.
KEY FEATURES:

• Fee Simple Freehold 412m² land
• 562m² floor area over two-levels
• Ground floor is trading as a retail business - South Pacific Clothing
• Rental $100,000 p.a. plus GST with four year lease term and fixed rental

• 250m² (approx) upstairs accommodation - 250m² approximately
• Accommodation includes seven rooms, two bathrooms, large kitchen, new heat pump and it's own entrance and Healthy Home Certificate
• Car park at the rear of the building
• Central location with great profile
• Business Town Centre zone allows both commercial and residential activities

Here are the options for you:

• Receive rental income from the downstairs tenant and live upstairs or use it as an office.

• Rent out the upstairs accommodation/office as well and get two rental incomes which offers a great cash flow.

For further information or to arrange a viewing, contact us today!