A single-level building housing two retail outlets in the main street of the very tightly held commercial stronghold of St Heliers, and within metres of St Heliers Bay beachfront, is being offered for sale by auction through David Nightingale and Kate Hargreaves of Harcourts St Heliers. "This is a rare opportunity for astute investors who see the value in securing a desirable Auckland waterfront location within 20 minutes' drive of the Auckland CBD," Nightingale says.
The two freehold shops at 10-12 St Heliers Bay Rd have a net building floor area of 224.5sq m and occupy a 243sq m site with high street visibility and good pedestrian access.
Currently generating annual net rental of $121,000 plus GST and outgoings, and with strong potential for increased financial growth, the building will be auctioned at 10 am at Annabelles Restaurant, 409-411 Tamaki Drive, St Heliers, on Thursday, June 7, unless sold prior to the auction.
The property is occupied by two tenants, United Travel St Heliers and SIA Enterprises trading as St Heliers Bay Hardware. Both tenants are on leases with two yearly rent reviews and final expiry dates of 2014.
