1/43 Omega Street, Albany, North Shore

Desirable restaurant investment

Bayleys is pleased to present 1/43 Omega Street, Rosedale for sale by auction - a highly visible, ground-floor commercial investment delivering immediate and secure income from the well-established restaurant operator Alleyway Hot Pot.

Prominently positioned on the corner of Omega Street and Paul Matthews Road within the tightly held North Harbour Industrial Estate, this modern unit enjoys exceptional exposure with 270-degree prominence and excellent accessibility.

The property comprises a total floor area of approximately 189sqm and benefits from 10 allocated on-site car parks, an increasingly rare and valuable feature for hospitality investments in this precinct.

Investment highlights:
• Secure long-term lease profile:
Leased to popular Chinese Asian restaurant Alleyway Hot Pot on a strong lease term running through to May 2033, with two further rights of renewal, providing investors with long-term income security.

• Attractive Passing Income:
Returning a net annual income of $65,000pa + GST +and outgoings, delivering an appealing, hands-off investment from day one.

• Quality, modern fit-out:
The tenant has recently completed a high-quality, purpose-built internal refurbishment, including a new commercial kitchen, modern wall and floor finishes, and upgraded plumbing and gas services - all at the tenant's cost.

• Well-configured hospitality premises:
Presented in clean, tidy condition and fully equipped for modern restaurant operation, including air conditioning and dedicated ducting systems.

This is an outstanding opportunity to acquire a low-maintenance hospitality investment in a proven commercial location, underpinned by a quality tenant and strong lease fundamentals.

For further information or to arrange inspections, contact Bayleys Sole Agents.