Pukekohe - PUKEKOHE MAIN STREET - 7.7% RETURN

Description

This has been in the same family for over 70 years and it's time to sell.
Single level approx. 350m² retail/office building on 669m² of fee simple land.
Sold with four tenancies in place being Wrights Jewellers, Shoe Stop, Credit One, and a barber, providing a total annual rental of $131,969 + GST and OPEX.
Zoned Business - Town Centre which typically enables building heights of between four and eight storeys. The zone provides a wide range of potential activities including retail on the ground floor and office and residential activities on the upper floors.
The property is situated in a high-visibility location on the main street of fast-growing Pukekohe. Easy access to public transport being only 650m approx. from the bus terminal and train station. This will provide easy access to Auckland.
The building has a 15% NBS rating.
Ideal for investors and developers.