Offered for sale is the first commercial property established in Birkenhead! This building has seen it all and still holds a prime position with continual commercial occupation for over 100 years.
Occupied by the Vendors for over 20 years where they operated a successful Thai restaurant, the property has been a secure source of income since they retired and leased the property in 2012.
The ground floor is occupied as a restaurant and the first floor as office/storage, there is also a billboard on the eastern side of the property which is leased and provides a second source of income.
Zoned 'Town Centre' under the Auckland Unitary Plan (operative in part) allows for a height of 21m which offers an ideal re-development opportunity in the future.
- Total Income of $72,000 + GST + outgoings
- Freehold site of 412m² (more or less)
- Lease renewal in 2020 with two further terms of six years each, two yearly rent reviews
- Zoned Town Centre under POUP (21m height limit)
Please phone NAI Harcourts for details.