Price
Price on Application
Profit *
Refer to Broker
Sales Revenue
Refer to Broker
Location
Northland Region, Whangarei
Category
Businesses with Real Estate
Listing #
18330
Central Whangarei, opportunity to land bank in a highly desired spot.
Fully tenanted with multiple tenants and excellent durations.
Earthquake rated.
1. Two commercial tenants being Co Operative Bank and McMorrissey’s Irish Pub returning
$84,000 net. One tenancy due for renewal with possible $4,000 lift in rent.
2. Signage returning $2,500 net
3. Four residential tenancies returning $44,500 gross and $37,000 net
4. Seismic strengthening Code of Compliance complete
5. New 6×6 lease with 2 yearly reviews
Currently returning approximately $123,000 per annum, representing an 9.5% return at the asking price.
It doesn’t get any simpler than this.
Call now for further information and to arrange a viewing.
Note that details of the business for sale may be confidential and disclosure is subject to completing a Confidentiality Agreement and is at the discretion of the Broker.
To find out more, complete an online confidentiality agreement by clicking the button below.
Click the email alerts button to be notified of other businesses that may be of interest to you.
For reasons of confidentiality a stock photo image may be used to represent the business for sale.
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.
Ready to unlock the true value of your business? Contact a LINK Corporate Broker today to schedule a confidential consultation.
