92-98 Frederick Street
Hillsborough, Auckland City
Tender

4 TENANTED SHOPS ON SINGLE FREEHOLD TITLE!

Prime Property Alert! First time on the market in 20 years, this well-established property offers a rare opportunity for investors seeking a steady income and a low-maintenance asset.

Property Highlights:
• 4 Tenanted Shops: Secure rental income from a diverse mix of businesses - an Indian takeaway, hair salon, bakery specialising in flatbreads, and a cozy cafe.
• Stable, Long-Term Tenants: All shops are leased, providing consistent revenue streams with room for growth.
• Easy to Manage: Minimum upkeep required, perfect for passive investors.
• Potential for Increased Returns: Rents haven't been raised since 2019, offering the possibility for higher income in the future. Total current rent at the moment is $63,200 plus GST per annum.

Invest in this exceptional property for a blend of stability, growth, and ease of management. This is a limited opportunity to secure a sought-after asset that doesn't come around often. Contact us today to learn more and arrange a viewing!

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Property Features

Property ID: OTH30327
Building: 248m2
Land: 306m2
Listed By:Pure Realty Limited Licensed (REAA 2008)
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Ben Bibby, Licensee Agent at Ray White One Tree Hill