UNIT ABOVE VACANT SHOP 12% YIELD

Listing Number:  1028
Posting Date:  23 May 2008






 
Price:$95000 G.S.T
Listing:UNIT ABOVE VACANT SHOP 12% YIELD
Type:Unit/Flat
Category:Assignment
Bedrooms:2
Bathrooms:1
Region:Hawkes Bay
Site Area:160 m2
Address: Login
Building Area:93 m2
Property Image

Description:

2 x bedroomed unit above a retail shop which is currently vacant.
unit is rented out for $220 per week, giving a huge 12% return!
imagine if you lease the shop out.?

purchase price $95,000 + G.S.T
deposit $5,000
settlement 20 days after unconditional date or by mutual agreement.
rates $1008 annually
assignment fee $3,500
unit has 2 double bedrooms with balcony off both bedrooms, lounge and kitchen with rear balcony.
lower story includes bathroom and shop.
used to be fish and chip shop, and has large workroom and chiller.

lots of options here with major upsides.
1.keep as is with shop vacant and enjoy 12% return
2. lease shop out and increase cashflow considerably
3. convert lower level into another residential unit and double yield

contact shane 06 836 5580 or 027 651 3419