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*** SOLD ***
Freehold Investment 9.5% plus Prime Location
Listing: #18330
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About this Business for sale in Whangarei
Freehold Investment 9.5% plus Prime LocationCentral Whangarei, opportunity to land bank in a highly desired spot. Fully tenanted with multiple tenants and excellent durations. Earthquake rated. 1. Two commercial tenants being Co Operative Bank and McMorrissey’s Irish Pub returning $84,000 net. One tenancy due for renewal with possible $4,000 lift in rent. 2. Signage returning $2,500 net 3. Four residential tenancies returning $44,500 gross and $37,000 net 4. Seismic strengthening Code of Compliance complete 5. New 6x6 lease with 2 yearly reviews Currently returning approximately $123,000 per annum, representing an 9.5% return at the asking price. It doesn't get any simpler than this. Call now for further information and to arrange a viewing.
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This listing is no longer taking enquiries as it is SOLD
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.