Napier Central - Investment with a view

Description

Located overlooking the lovely Napier, Clive Square Gardens this double storey villa is home to two businesses.
Both have long term leases with the initial 12 year terms until 2036, plus rights of renewal.
The owner and the tenants have invested in the property with extensive EQ works, and quality fit out internally and externally.

• Combined net income $78,400pa + GST
• Tenants pay all outgoings including rates and insurance
• Three yearly rent reviews
• Freehold unit title with 360m2 floor area and 1/2 share in 1002m2 land
• Car parking at rear
• Engineering completed to 67% NBS
• Fringe Commercial Zone

This property sale represents an opportunity to invest with long term tenancies in a location with future upside potential.
Contact the sole agents today to discuss.