Albany - TENANTED INVESTMENT $775K RETURNING 6.3% PLUS

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Price $775,000 Plus GST (if any)
Location Unit 3/245 Cornerstone Drive, Albany
Type Retail Property
Floor Area 137 m2
Land m2
Listing No # 4023762
Listed 26/02/2024
Views 49

Description

A superbly located property in a high profile location, close to Westfield Albany Shopping Centre. The ground floor unit is in a prominent position near the motorway, close to on and off-ramps. Offering sale price $475,000 below government valuation. 

The property has an extensive professional fitout and a separate kitchen unit. It benefits from being underneath the Ramada Albany Hotel, which has 66 serviced apartments. The neighboring apartment block, OKLA, has 117 apartments.

KEY FEATURES:

  • Great buying, tenanted investment
  • For quick sale - price reduced to $775,000 + GST (if any) 
  • Annual rental $48,960 + GST
  • Government valuation $1,250,000
  • Sale price $475,000 below government valuation
  • Tenanted hair salon - ground floor retail
  • Albany landmark property
  • High-profile Ramada Hotel
  • Opportunity to purchase this awesome property significantly below replacement cost
  • Present your offer now, motivated vendor, property must be sold

Contact our agent

Brian Paulin

M: 027 4 4 81321
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Barfoot & Thompson Ltd (Licensed: REAA 2008) - North Shore

129 Hurstmere Road, Takapuna
Auckland , 0622
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RealEstate Agents contact details and original listing on www.realestate.co.nz - Listed 26/02/2024

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