sold

Negotiation

R2 / 25 Bute Road, Browns Bay, North Shore City, Auckland 0630

Tenanted Investment - New 7 year lease

Here is a great opportunity to own a tenanted investment property in the desirable beach town suburb of Browns Bay in the North Shore of Auckland. Have a look at its salient features.

• 126m2 brand new unit in the Pines Apartment complex
• Leased to a Chinese Medical Centre for $35,000 pa net
• Long term 7 year lease with CPI rent increase every year
• Positioned centrally between Beach Rd and Clyde roads
• A good mixture of a residential and commercial neighbourhood
• Would you want better returns than the Bank?

The North Shore, especially the Bays, are seeing continuing growth in housing which creates a demand for commercial premises. There is a marked preference for professionals seeking new and modern premises for their customers, many are available in Browns Bay.
The corner unit has good shop frontage and a separate entry from the lobby entrance which leads to the car parking lot at the rear. In the process of being fitted out by the tenant, this property could easily be converted to suit any business or office premises in future.

Telos Group Commercial are appointed as agents for this exciting new property for sale. Call Mustan for more details and viewing arrangement.

Price By Negotiation