Rare Te Rapa opportunity
A tenanted investment in a strategic location, this property means business. It occupies a large and prominent 1542sqm (more or less) freehold site that has good accessibility, proximity to the CBD and well-known and recognised commercial neighbours. High traffic volumes along Te Rapa Road ensure superb business exposure. The two-level building of approximately 800sqm has basement parking and a good mixed of tenants which effectively shield it from market and industry fluctuations. Currently used for offices, storage and restaurant, the property returns circa $90,000 per annum collectively from its mixed tenancy. The right tenant mix is a strategy in commercial real estate known to significantly increase the value of a property. This investment is a rare and golden opportunity offered to market by a motivated vendor.