G7/160 Symonds Street, Eden Terrace , New Zealand
$899,000 + GST
50% Trade Component
NZ$449,500 (Cash) | NZ$449,500 (Trade)
Commercial unit city fringe
Commercial retail building located at the top of Symonds St.
One of 9 commercial units on the road front with huge exposure.
Currently rented for $40k/PA
Includes 2 car parks located directly behind the shop.
Building had weathertightness issues which the bodycorp will be sorting. There will be costs to owners which we do not know yet.
Once repairs made my guess is the value will be over $1mil given other sales in the area.
Reason for sale is that my business partner is overseas and can not contribute to repair costs and I’m not in a position to buy his half share and then contribute to repairs too.
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