Fergusson Drive, Elderslea, Wellington

Tender closing 24th Sep at 1.00pm (will not be sold prior)

This high profile site is directly fronting onto Fergusson Drive, numbers 712, 712a, 714 & 716 just south of Upper Hutt City Centre, and sits directly across the road from the Broadway shopping centre. Your income is secured by this high-profile site that is multi-tenanted, with currently 3 individual fixed term leases to the well-known and iconic Hell Pizza, Curry-Land Restaurant & Mays Takeaways, with patronage extending across the region. A further rented 2 bedroom residential home original to the site, built in the 1920's, is situated down the drive.
 
* 3 single level shops with total of 240sqm approx. (commercial)
* New NBS
* Well established tenants,
* A 2 Bedroom home 90sqm approx. (Residential)
+ Separate lounge
+ High stud
+ Deck area
+ Garage
+ Its own fenced off garden section
* Extra parking out back
* Total land area of 1012sqm
* All under one Free Hold Title
* Returns approx. Net $55,364.10 excluding GST. per annum (Commercial part)
* Returns approx. Net $31,200.00 per annum (Residential part)
 
Do not miss this opportunity, call Alex Paques on 021 685 372 to acquire further information. Viewing by appointment only.
 
For more information: Text 712ferg to 3324 for the web book of this property.