17/94 Rosedale Road, Albany, North Shore

Road-front unit for astute investors

First time to market, this passive investment opportunity offers a road-front unit with a floor area of approximately 153sqm. The tenant has an excellent rental payment track record, with the business trading as Healthcare since its establishment in 2014. The property features a built-in rental review and personal guarantee and currently generates a return of $78,000pa + GST and outgoings.

The property is located at Unit 17, 94 Rosedale Road in the Rosedale Retail Centre. With aesthetically pleasing exposure, the covered terrace and extensive front glazing provide both privacy and plenty of natural light inside the property.

Key features include:
• Established pharmacy tenant since 2014
• Returning $78,000pa + GST and outgoings
• Built-in rental review and personal guarantee

The Rosedale Retail Centre is one of the newest major retail developments on the North Shore, featuring two supermarket anchor tenants and a comprehensive range of restaurants, retail stores, and service providers. This property strategically sits in the midst of an established catchment area of residential and commercial precincts, taking advantage of the 19,200 average daily traffic (according to Auckland Transport) on one of the busiest main roads in Albany.

Astute investors should seize this opportunity.

To assist purchasers with their assessment of the offering an online due diligence data room is available: www.propertyfiles.co.nz/1505444