Browns Bay
7/26 Anzac Road, Browns Bay, North Shore
Asking Price NZ$2,300,000 + GST
(if any)
Priced to go at $2,300,000 - new five year lease
• Tenant that has been in occupation since development construction in 2014
• Long term lease with excellent rental growth
• Immediately adjacent to the East Coasts Bays largest supermarket
Fresh to the market for the first time since built the property presents a strong cashflow investment from an established tenant in one of the premium retail developments in Browns Bay town centre.
The development is immaculately presented having been constructed by a reputable developer and anchored by a Childcare centre to the rear, immediately adjacent to a large Countdown and opposite New World it benefits from this cross-pollination of customers.
The existing tenant has invested heavily in fitout however the property is future-proofed having been designed with an ability to split the unit in future which will diversify income and increase rental.
Browns Bay is undergoing a rapid transformation by way of apartment development within the town centre which is evident next door with this residential growth adding further value to the existing retail space.
Michael Nees
Commercial North Shore Ltd, Bayleys,
Licensed under the REA Act 2008
Ranjan Unka
Commercial North Shore Ltd, Bayleys,
Licensed under the REA Act 2008
Features
Anchor tenants
Tenant that has been in occupation since development construction in 2014
Lease term
Long term lease with excellent rental growth
Location
Immediately adjacent to the East Coasts Bays largest supermarket
Passing income
Returning a net rental of $143,628pa + GST and outgoings
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