For Sale by Deadline Private Treaty closing 4pm Thursday 19th August 2021.
– Net Income of $177,244pa + gst.
– Land area of 769sqm on a fee simple title.
– 105% NBS.
– Business – Metropolitan Centre Zoning (72.5m building height control).
342 Great North Road Henderson is located in the heart of Henderson City adjoining West City Mall. The property is a two level retail/commercial strip retail building with nine tenancies and an excess of common space not collecting rental. The building is of solid construction with an IEP of 105% which combined with the Business – Metropolitan Centre Zoning could allow for further mixed use development.
The tenancies range in size from 56sqm – 127sqm which is the ideal sweet spot for typical Henderson businesses. The property would benefit from a modernisation however the fundamentals of the asset are strong.
The vendor is realistic, understands there is work to be done and is willing to meet the market.
Deadline Private Treaty closing 4pm Thursday 19th August 2021 (Unless sold prior).