275 East Tamaki Road, East Tamaki, Manukau

Affordable essential investment

SOLD

• Freehold medical investment on busy East Tamaki Road
• Occupied by 'Local Doctors' returning $56,620.20pa net with built in rental growth on a five-year lease term
• Recently refurbished
• Ease of access to main arterials and motorway networks

Tenanted to Local Doctors with nearly 40 clinics throughout Auckland, 275 East Tamaki Road encompasses a freehold site of 260sqm (more or less) within a busy retail strip with neighbouring tenancies including East Tamaki Pharmacy, East Tamaki Dentist, Gull Service Station and others to service the wider East Tamaki community that continues to grow.

Strategically positioned on a main arterial route, the property provides excellent accessibility to motorway, Auckland Airport, Ormiston Town Centre, East Tamaki, Manukau CBD and other amenities.

The tenant has committed to a five-year lease from July 2020 with rights of renewal until June 2038 and have undertaken a new fit-out of the property.

Investors seeking an entry-level commercial investment should not overlook this opportunity.

For further information, contact the SOLE agents today

Tony Chaudhary
021 995 121
tony.chaudhary@bayleys.co.nz

Amy Weng
021 177 3422
amy.weng@bayleys.co.nz

Gaurav Minhas
021 811 191
gaurav.minhas@bayleys.co.nz