Location, tenants, cash flow, land area, car parking, IEP rating…this one has it all! Sit back and enjoy years of pride of ownership with 848-850 Victoria Street. Sitting proud on 2,573sqm of freehold land across 3 titles with two street accesses off Victoria Street and one at the rear onto Clifton Road. Tenants love the parking (58 spaces in total) and the location with all it’s conveniences such as nearby cafes, other complimentary office users and public transport.
Four (4) tenancies with additional income from the parking spaces creates an annual net rental of $373,349pa, with one tenancy flexible to allow owner occupiers an opportunity to move into their own building if desired. Conservative rentals allows opportunity for rental increases over the short term, with long term government tenant Housing New Zealand anchoring the income stream.
For Sale by Deadline Private Treaty Closing 4pm 31st May 2018 (unless sold prior).
Call the Sole Agents for an information memorandum.