- Updated On:
- January 27, 2021
- 90 m2
Bank on Your Future - The Yield Return is More Than Bank Interest .........
SHOP 6C, 210 DAIRY FLAT HIGHWAY, ALBANY
Asking Price: $810,000 + GST
But realistic vendors will discuss price or consider options to trade for residential property or land
Tenanted retail shop, commercial investment opportunity, 90sqm, excellent dedicated private parking and plenty of customer parking.
Main road visibility in the growth commercial zone of Albany on the North Shore of Auckland
Clean tenant, with a just renewed contract on the original 3+3+3 lease, business is selling health supplements and other consumer goods, the shop presentation stands out from others with wooden floor, rear steel security doors, security film on front glass window and retail lighting, wired for multiple CCTV points, chattels include wall fittings and shelves, burglar alarms and a strong box for security hardware. The property is also serviced by high speed fiber broadband.
Commercial investment requires 35% deposit therefore about $273,000 and the mortgage interest rate is 1% more than residential mortgage rate so in this current market estimate your interest rate at 2.75% + 1% = 3.75%, making this a secure investment opportunity
Rental return is approximately double on current Bank term deposit interest rates, making this an attractive, solid long term investment opportunity, plus you can expect capital growth on your property as the Albany commercial area sits in an area of tremendous growth in population and housing developments.
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