Sold Property

2 Arthur Street, Riverhead, Auckland

  • 1647
  • 130 m2

$1,380,000

Development Opportunity in Riverhead

Located on the corner of Arthur and Edward Street the property has exposure to the Coatesville-Riverhead Highway,
comprising of a land area of 1647m² (more or less) makes this an ideal development opportunity.

Currently leased to as car yard and auto workshop the property has had over 25 years of uninterrupted commercial occupation and use.

- Large 1647m² site with multiple development angles
- High profile corner site providing holding rental income
- Dual street access from Arthur and Edward Street
- North facing site with flat contour
- Purchase price is GST Inclusive (vendor is not registered for GST)

For further information don't hesitate to contact the listing agent. Property ID: #NSC26356

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Sold Date

  • 16 March, 2018

Property features

  • Property Type: Warehouse, Land, Retail, Industrial Land
  • Property Details: Tenanted Investment
  • Tenure: Fee Simple
  • Tenancy 1: Expiry Date: 30 November 2021, Rental net/gross p.a.: $ 38, 000 (incl GST), Review Dates: 01/12/19, Rights of Renewal: Nil, Tenant Name: Lee Wallace, Term (years): 12 years

Office

harcourts North Shore

Licensed under REAA 2008

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Est. bond $1920
  • 1647
  • 130 m2

Sold Property

2 Arthur Street, Riverhead, Auckland

$1,380,000

Development Opportunity in Riverhead

Located on the corner of Arthur and Edward Street the property has exposure to the Coatesville-Riverhead Highway,
comprising of a land area of 1647m² (more or less) makes this an ideal development opportunity.

Currently leased to as car yard and auto workshop the property has had over 25 years of uninterrupted commercial occupation and use.

- Large 1647m² site with multiple development angles
- High profile corner site providing holding rental income
- Dual street access from Arthur and Edward Street
- North facing site with flat contour
- Purchase price is GST Inclusive (vendor is not registered for GST)

For further information don't hesitate to contact the listing agent. Property ID: #NSC26356

Property Features

  • Property Type: Warehouse, Land, Retail, Industrial Land
  • Property Details: Tenanted Investment
  • Tenure: Fee Simple
  • Tenancy 1: Expiry Date: 30 November 2021, Rental net/gross p.a.: $ 38, 000 (incl GST), Review Dates: 01/12/19, Rights of Renewal: Nil, Tenant Name: Lee Wallace, Term (years): 12 years

Sold Date

  • 16 March, 2018

Isaac Tankard harcourts North Shore

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harcourts North Shore

Office harcourts North Shore Licensed under REAA 2008

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