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Bartercard Property

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We had a fairly substantial amount of Bartercard Trade Dollars to spend and wanted to use most of them in the property market, after some consideration we decided to purchase a property that would provide income - not just long-term capital gain.

- Nikki Barrett
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Newmarket - 3 Undercover Carparks


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RegionAuckland
Property TypeCommercial
Asking Price $100,000
Trade Dollars $50,000
Cash Dollars $50,000
Price Notes
Sold Date01/05/2013
VendorAlan Gardner
021 950 656
alan@tvs.co.nz
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Conditions
 
These three undercover carparks are located on the corner of York Street and Khyber Pass Road in Newmarket, opposite Axon House and The Cock and Bull Tavern.

Featuring
  • 24 hour monitoring
  • Swipe card access
  • Permanent lease, managed by Tournament Parking
  • Rented together for $7500 per annum (15% cash on cash return)
  • Outgoings (body corp, rates) for three carparks are $1200 per annum
  • 457-459 Khyber Pass Road

As they are strata titled you can use them for personal use and rent the others and if prefered manage them yourself away from tournament carparks.

Crockers currently manage the body corp.


To find out more call Alan Gardner now on 09 373 2586 or 021 950 656.

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Cameron Owen

09 414 6837