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Hillcrest, North Shore City

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Tender Details

Due: Thu 31 Jul 4:00 p.m.

29 Northcroft Street, Takapuna

Agent
Mobile +64 21 774 951
Phone +64 9 489 0982
Email

Devereux Howe-Smith Realty Ltd, Bayleys
Licensed under the REA Act 2008

Contact Agent
Mobile +64 21 711 755
Phone +64 9 489 0988
Email

Devereux Howe-Smith Realty Ltd, Bayleys
Licensed under the REA Act 2008

Contact Agent

Tender

ID# 376982

Mad Butcher and Simply Fresh on 15 year lease

23 Oceanview Road, Hillcrest

- High profile retail investment
- 15 year lease terms to established well known tenants, Mad Butcher and Simply Fresh
- Freehold building on corner site with ample parking
- Returning $295,809 per annum + GST
- Potential for expansion of existing building
- Well located to service the Northcote, Hillcrest and Glenfield residents

The combination of two complementary businesses, the strategic location and easy access makes for a very attractive long term investment. A large residential catchment area surrounding the property will ensure the future value of the asset.

Tenancy Details
Name of Tenant: Mad Butcher
Term of Lease: Fifteen (15) Years
Commencement Date: 01 August 2014
Net Rental: $115,125 + GST

Name of Tenant: Simply Fresh
Term of Lease: Fifteen (15) Years
Commencement Date: 01 August 2014
Net Rental: $148,574 + GST

Name of Tenant: Simply Fresh Offices
Term of Lease: Fifteen (15) Years
Commencement Date: 01 August 2014
Net Rental: $32,110 + GST

For Sale by Tender (unless sold prior)
Closing 4pm, Thursday 31st July 2014
29 Northcroft Street, Takapuna.
Features
  • 57
  • 1,071m²
Land Area 2,861m2
Location Strategic
Parking Ample
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