Prime retail investment in Albany


1/21 Corinthian Drive, Albany

By Negotiation

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Prime retail investment in Albany | 1/21 Corinthian Drive, Albany | 1501549 |      X Close
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Prime retail investment in Albany


- The property comprises approximately 450sqm retail and a 70sqm covered terrace

- Located in the biggest new retail development on the North Shore

- Surrounded by a wide range of well-known tenants

- Supermarket as the anchor tenant

Situated in the heart of Albany, this high-exposure retail complex enjoys triple frontage facing Albany Highway, Corinthian Drive, and Data Way. The busy centre is surrounded by a wide range of well-known tenants, including ASB Bank, Westpac Bank, Mitre 10, Olympus, McVeagh Fleming, Lion Foundation, Peter Baker Transport, and Kids Cove Childcare Centre. Massey University is situated within 5 minutes walking distance across the Albany Express Highway, Albany Westfield Mall, Albany Mega Centre, North Harbour Stadium, Park and Ride Bus Station are all nearby.

The property comprises approximately 450sqm high stud retail as well as a 70sqm covered terrace. It has been leased to a supermarket as the anchor tenant of the retail centre, with an eight year lease, returning $260,000pa + GST and OPEX. The tenant has also provided a bond guarantee, in addition to personal guarantee.

Floor Area: 450sqm (approximately)

Zoning: Business Park Zone

Name of Tenant: Albany Supermarket Limited

Term of Lease: Eight (8) years

Commencement Date: 28th August 2017

Deadline Private Treaty (unless sold prior)

4pm, Thursday 8th March 2018

29 Northcroft Street, Takapuna,

Auckland, New Zealand

Eddie Zhong

North Shore Commercial

Licensed under the REA Act 2008

Mobile: +64 21 227 7110
Office: +64 9 489 0962
eddie.zhong@bayleys.co.nz
View profile

Ranjan Unka

North Shore Commercial

Licensed under the REA Act 2008

Mobile: +64 21 711 755
Office: +64 9 489 0988
ranjan.unka@bayleys.co.nz
View profile

Terry Kim

North Shore Commercial

Licensed under the REA Act 2008

Mobile: +64 27 471 1446
Office: +64 9 489 0966
terry.kim@bayleys.co.nz
View profile

1/21 Corinthian Drive, Albany

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Eddie Zhong

North Shore Commercial

Licensed under the REA Act 2008

Mobile: +64 21 227 7110
Office: +64 9 489 0962
eddie.zhong@bayleys.co.nz
View profile

Ranjan Unka

North Shore Commercial

Licensed under the REA Act 2008

Mobile: +64 21 711 755
Office: +64 9 489 0988
ranjan.unka@bayleys.co.nz
View profile

Terry Kim

North Shore Commercial

Licensed under the REA Act 2008

Mobile: +64 27 471 1446
Office: +64 9 489 0966
terry.kim@bayleys.co.nz
View profile