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Property Ref: 50960
Freehold Investment Opportunity In Napier For Sale
Here is an opportunity to secure ownership of the Single Level Commercial Asset of Suburban Land and Building with good, strong tenants in Napier.
- 266 Square meters more or less
- Strong tenant profile
- Tenant trading as Marewa Four Square and Lotto
- Net Returns close to 5%
- High Visibility property
- Council car park in front of the shops
Term -5 Years
Rights of Renewal- 5 Rights of Renewal of 2 years each
Final Expiry- 2036
Rent Reviews-Every 2 years
Please note that the Building is to be strengthened to 67% or greater NBS.
There is minor work required and the Vendor has indicated that this will be completed to meet the requirement before the settlement.
The tenant has been operating the Marewa Four square and Lotto for the last eleven years. There is also a small passive income generated from the Sublease of ATM to ANZ Bank.
The property is situated within the commercial shopping area of Marewa, which fronts Kennedy Road and is bounded by Douglas Maclean Avenue and Nuffield Avenue.
This is approximately 1.5 Kilometres from Napier City Centre.
This is one of the more popular suburban shopping destinations.
Don’t miss out on a chance to acquire a freehold Investment property. This is a rare investment opportunity that offers great road frontage and excellent exposure.
Investors looking to secure this exceptional bottom drawer commercial investment, look no further. For more information register here or to arrange your viewing, please contact Business Broker, Kamal Sharma, on 022 0515 782 or email firstname.lastname@example.org.
Full Listing Information for this Tourism Business will be disclosed to registered, approved Potential Purchasers.
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Deed of Lease