Commercial Property - Long Term Tenant. 7.4% Yield | ABC Business

Commercial Property - Long Term Tenant. 7.4% Yield

$800,000 - Wellington

Industry: Property for Sale / Lease

#31168

This commercial property is based on the corner of a residential street in suburban Lower Hutt. Comprising of a land area of approximately 500m2 and a 1950's building occupying around 156m2 of floor space plus decking.

A successful local business has been operating from the site for over 20 years providing the vendor with good rental income and a stable tenant.

Rental income of $59,200 + GST per annum provides an annual yield of 7.4% based on current market valuation.

This property presents an excellent opportunity for an investor looking for capital gain through future rental growth with annual rent reviews of CPI or a maximum of 2% from April 2021. Market rent reviews are every five years.

For a confidential discussion please complete our online confidentiality agreement.
Use this link to get started www.ds4u.cc/abc?ref=31168

Call me for a chat about this property today. Belinda Wotton - 027 276 9029.

Price $800,000

To obtain more information please click here to complete a confidentiality agreement

Location: Wellington

Page views
272

Our brokers

Belinda Wotton

027 276 9029

Belinda Wotton

027 276 9029

Contact Belinda

Linda Harley

022 354 9189

Linda Harley

022 354 9189

Contact Linda

Considering buying a business?
It's time to act.

We can help you craft an independent future.

Buy a Business
Play the video

Avoid the pitfalls of selling a business

Our Brokers can help you every step of the way

Find out how
Play the video

Businesses for sale