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Papanui, 98 Main North Road

Investment And Land Bank

Listing Number: RG8552
About this listing
1029m² of residential medium density land directly across from Northlands Mall with two buildings and three garages producing a gross annual income of $70,200 plus outgoings. The rear building is converted into two flats, a one bedroom and a two bedroom both with fixed term tenancies. The front commercial building leased for approximately $370per m² annually. This lease is for two years expiring November 2019 and has a right of renewal for a further two years expiring November 2021. Excellent car parking spaces are located at the rear of the property plus there is one fully enclosed garage separately leased and two other covered parking spaces for the tenants. Viewings are by appointment only. The vendor is not registered for GST. If you would like further details of this diversely interesting and financially sound property please contact us.

Please be aware that this information has been supplied by the vendor and/or sourced from: Property Guru, Property Smarts, Land Information NZ, Local Councils, ECAN, CERA and other organisations. Harcourts Four Seasons Realty 2017 Ltd is merely passing over this information as supplied to us. We cannot guarantee its accuracy or reliability.
Property Information
  • Approx Floor Area: 233.4 sqm
  • Land Size: 1029 sqm
  • Tenure: Fee Simple
  • Property Type: Other (Tenanted Investment Commericial Building & Residential Dwelling), Tenanted Investment

Contact Details

Harcourts Rangiora

Four Seasons Realty 2017 Ltd

Licensed REAA 2008

15 Good Street
Rangiora
Office website

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