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Royal Oak

D/691 Manukau Road, Royal Oak, Auckland

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91sqm Floor area

Auction

(unless sold prior)

National Tenant since 1997 - Affordable Investment


- Affordable passive property investment returning net $40,325pa + GST
- Established tenant, Rodney Wayne, having occupied the premises since 1997
- Current 6 year lease with a further right of renewal
- Excellent position at the centre of the Mall just off the main entrance - benefitting from direct interior and exterior access
- 71% NBS earthquake rating

A rare opportunity to acquire an affordable retail investment tenanted by an established long term brand. Occupied since 1997, Rodney Wayne is an award-winning national hair salon brand with 18 salons across Auckland, and 33 throughout New Zealand. The business also provides a retail front, via Shampoo 'n' Things - an equally established and well-known brand itself.

The premises benefits from its excellent exposure at the centre of the Mall, with dual access - via the interior and exterior of the Mall (allowing 'after hour' access) and receives significant signage exposure at the main Mall entrance. Surrounding by circa 65 different businesses including Pak N Save, McDonald's, ANZ Bank and Wendy's, close to 778 car parks are located at the centre - a high exposure building on a 2.15ha site with access off both Manukau Road and Mount Albert Road.

An established tenant of 22 years and a national brand in an excellent position with dual access, this represents an affordable opportunity not to be missed.

Auction
(unless sold prior)

Bayleys House, 30 Gaunt Street, Auckland

4

Dec

Time11am
Calander
Calendar
Matt Lee

Matt Lee


Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008
James Chan

James Chan


Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008

Features

Established


Tenant of 22 years

NBS


71% NBS Rating

Tenant


Rodney Wayne Shampoo ‘n’ Things