A building in Mt Eden's Dominion Rd, now leased to a karaoke and hospitality business, reflects the changing face of the area.
The 500sq m premises comprising two inter-connected buildings, on 539sq m of land at 654-656 Dominion Rd, is being offered for sale with a new four-year lease to Base KTV Entertainment Ltd. It is producing net annual rental income of $96,000 plus GST.
Featured in Bayleys' Total Property portfolio, it is being marketed by Damien Bullick and Phil Haydock, Bayleys Auckland and is for sale by tender - closing on Tuesday, April 12 - unless sold prior by negotiation.
"This is an excellent freehold investment opportunity in a popular commercial and residential location," says Bullick. "It is centrally positioned in the bustling Balmoral retail strip, just south of Balmoral Rd, and benefits from a high-profile frontage to Dominion Rd as well as off-street parking for five cars at the rear, which can be accessed off Rocklands Ave."
![A refurbishment has created a striking interior.](https://www.nzherald.co.nz/resizer/v2/JMGJPZFSQNS7TG5VS7NHNHBWZ4.jpg?auth=364c6a0c76884ad34f56361d0aecd6aeeac4c99689859e1d64bf9653e4046e9a&width=16&height=9&quality=70&smart=true)