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Browns Bay

14 Clyde Road, Browns Bay, North Shore

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766sqm Floor area
764sqm Land area SQM

Auction

(unless sold prior)

Quality supermarket investment


• Strong tenant profile - Huckleberry Farm organic supermarket
• Eight-year lease from February 2018 plus rights of renewal
• Upon settlement returning $195,262pa + GST and outgoings
• Six-month bank guarantee
• Fixed rental increase of 2.75% annually

The property is generating a healthy income from Huckleberry Farm supermarket, a business that established themselves in the early 1990's opening their first store in Greenlane Auckland. New Zealand's leading organic grocer, Huckleberry are passionate about offering local grown produce and quality products to communities throughout New Zealand.

The building comprises approximately 743sqm of nett floor area providing front and rear entrance ways for public access, situated on freehold land of 764sqm (more or less). 'A Grade' earthquake rating. At the rear of the site is public parking adjacent to New World supermarket. Browns Bay town centre is spoilt for choice with strip retail shopping, cafes, bars, and restaurants, and not to forget its distinctive beachside setting with child-friendly play areas.

An essential service business with annual rental increases along with a bank guarantee in place, this is a must for all investors.

Auction
(unless sold prior)

Bayleys House, 30 Gaunt Street, Auckland

2

Dec

Time11am
Calander
Calendar
Ranjan Unka

Ranjan Unka


Commercial North Shore Ltd, Bayleys,
Licensed under the REA Act 2008
Michael Nees

Michael Nees


Commercial North Shore Ltd, Bayleys,
Licensed under the REA Act 2008
Terry Kim

Terry Kim


Commercial North Shore Ltd, Bayleys,
Licensed under the REA Act 2008

Features

Location


Browns Bay town centre

Site area


743sqm (approximately)

Star Tenant


Huckleberry Farm organic supermarket