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Hastings City, 1001 Beatty Street

Suburban Retail

Price by Negotiation

  • Listing Number: HA25582
Property Information
Fully leased shop, 159m2, with reliable tenants on a one and half year lease to run, then a three-year right of renewal option.

Suit a small first time commercial investor wishing to get a start on the commercial property ladder. With approximately a 6.25% net return this compares better than current residential net returns.

Call Kerry Harford to discuss.
Approx Floor Area160 sqm
Land Size160 sqm
TenureFee Simple
Property TypeOther (Fish and Chip shop)
Approx Floor Area
Retail Square Metres120
Tenancy 1Area Sqm: 159, Commencement Date: Tuesday, 24 November 2015, Expiry Date: Saturday, 24 November 2018, Rental net/gross p.a.: 9620.00, Review Dates: 24/11/2018, Rights of Renewal: one of three years, Tenant Name: Ouyang Ji Qirong Ou 021 0644 238, Term (years): 3

Contact Details

Hastings

Regent Realty Ltd

Licensed REAA 2008

307 Karamu Road North
Mayfair
Hastings
Office website

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