Freehold!! Investment Property in Mangere
About this business for sale in Auckland CityFreehold!! Investment Property in Mangere
Prime Central Auckland suburb
An amazing and rare opportunity to buy the freehold property in Mangere.
Located in one of the busiest shopping town centers in the area there is strong foot traffic and a weekend market to give extra boost.
There is ample free parking available.
- The property occupies an area of 330 square meters
- Market rental assessment $84,110 per annum plus GST and outgoings, excluding the ATM area.
- The store boasts an ATM machine which generates additional revenue of $9,000 plus GST per annum.
- Very recent market valuation shows an adopted yield of 7.45% against the total assessed rental, inclusive of the ATM contact rent.
Asking Price: $1,400,000
Package price for both the business and the freehold going concern is $1,600,000 plus stock of approximately $95,000. Referance: EL00858 & EL01490
+64 9 555 6031
+64 21 129 1916
*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.