C/527 Rosebank Road Avondale, Auckland City

This property ticks all the boxes for the smart investor and is seriously for sale!

527C Rosebank Road, Avondale offers a Stratum in Freehold title with 11 storage units and is situated on Rosebank Rd in The Harbour Side Business Park. The 11 storage units range in size from approx. 19.88 to 40.28 making a total approx. area of 330 sqm and is surrounded by office blocks and light industrial buildings .
A number of the storage units are leased out to neighbouring tenants within the surrounding building complexes, showing the storage units provide a great asset to the localized business area.
Out of the 11 units, 9 are currently leased showing an annual net income of $50,901.33 plus GST and the Projected approximate annual net income if all the units where leased is $65,624.50 plus GST.
Security within the Business Park is provided through the security gates that are generally closed after hours with key pad access.

Special Features:

• 11 storage units ranging in size 19.88 to 40.28
• 9 units leased to from 12 to 24 months
• 2 units vacant allowing for growth
• Multiple income stream
• Remote control Roller doors
• Three allocated carparks that could provide further income at approx $20 each per week

This is a fantastic opportunity to enter into the Rosebank Rd Industrial Precinct property investment realm, this property caters for seasoned investors or entry level investors. This property ticks all the boxes - multiple income streams, and great location - which provides easy access to state highway 18 to travel North or South.

Motivated vendor wants this property sold, with an asking price of $755,000 plus gst (if any) you will need to be in quick!

For further information and a site visit please call one of the team Grant Miller 0275-737-618, Glenda West 021-591-231 or Trudi Pirini 0273-333-182