The freehold two-level commercial property dating from the 1920s has six units, on three titles. It houses six retail shops and first-floor residential accommodation. Five of the six units upstairs are leased, with the remaining unit close to being leased.
Commercial-industrial agents Ben Johnson and Mike Jensen are marketing the property by deadline private treaty process, a process due to conclude on Wednesday at 4.30pm, unless sold earlier by negotiation.
The total building area is 1230sq m on 932sq m of land with combined holding income of $210,202 net per annum once the remaining unit has been leased, says Johnson.
"Lease options for the property are flexible, so likely to suit investors, owner-occupiers or developers.
Location
"This location, on the western side of the road, has been a well-established commercial and industrial hub for more than 40 years. It’s close to the neighbouring commercial suburbs of Mt Wellington, Penrose and Onehunga via arterial link roads in the north, south and west."
The building has street parking, plus rear access gained via Station Rd East, where tenants park. The street parking is primarily used by customers.