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Hastings City, 1001 Beatty Street

Suburban Retail

Price by Negotiation

Listing Number: HA25582
About this listing
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.
Property Information
  • Approx Floor Area: 160 sqm
  • Land Size: 160 sqm
  • Tenure: Fee Simple
  • Property Type: Other (Fish and Chip shop)
  • Approx Floor Area
    • Retail Square Metres: 120
  • Tenancy 1: Area Sqm: 159, Commencement Date: 2015-11-24T00:00:00.0000000, Expiry Date: 2018-11-24T00:00:00.0000000, 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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