Split Risk Investment in Tightly held Birkenhead - Retail For Sale
This mixed-use investment lies at the gateway to one of the North Shore’s more sought after retail and commercial suburbs. With Favourable Town Centre zoning, offering 21m height limit and residential use, this opportunity offers a multitude of avenues for future upside.
The freehold title of 774m² (more or less) is made up from 3 separate tenancies plus a further rental upside from a vacant retail shop currently for lease. Currently returning $84,400 net per annum with a WALT of 4.5 allows any new owner the opportunity to acquire a desirable piece of real estate in a popular and affluent North Shore location and receive an attractive holding income.
Call the North Shore Commercial specialists for more information or to view. Kerry Cook 021 194 3949 and Janet Marshall 021 684 775
FeaturesReturning $84,400 net per annum with WALT of 4.5 years 4 tenancies: Unitec (new 5 year lease), Bakery, Yoga Studio (new 5 year lease) and Dairy (currently vacant) Rental upside Potential redevelopment site Contact the Agents today to view