Road front retail investment with long term lease


15/96 Rosedale Road, Albany

Auction

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Road front retail investment with long term lease | 15/96 Rosedale Road, Albany | 1501686 |      X Close
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Description

Road front retail investment with long term lease


- Tenanted retail investment (restaurant tenant)

- Eight (8) years long term lease returning $89,500pa + GST and outgoings

- Road front unit with exposure to Rosedale Road

- Vast elevated and covered outdoor terrace

- Ample parking and multiple access points to the site

An eight-year long term lease is in place with built in market and CPI rent review, returning $89,500pa + GST and outgoings. Full tenancy details are available on request.

This road front retail investment is well positioned to attract passing traffic on Rosedale Road, a busy main road running through North Harbour commercial estate. With an established restaurant tenant in place, this is a great investment opportunity that is well located with a good commercial and residential catchment nearby.

This property comprises of a retail area of approximately 144sqm, as well as an outdoor terrace of approximately 85sqm. The vast elevated and covered outdoor terrace offers a fantastic dining experience to the tenant's customers.

This property is one of the biggest retail units in the Rosedale retail centre, one of the new major retail developments on the North Shore. Tenants in this vibrant centre include a 1,800sqm supermarket as the anchor tenant, together with a comprehensive range of restaurants, retail and service providers.

Auction (unless sold prior)

11am, Wednesday 16th May 2018

Bayleys House, 30 Gaunt Street,

Auckland, New Zealand

15/96 Rosedale Road, Albany

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