Built in security bond and market rental review


13/96 Rosedale Road, Albany

By Negotiation

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Built in security bond and market rental review | 13/96 Rosedale Road, Albany | 1503382 |      X Close
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Built in security bond and market rental review


Comprising a floor area of 104sqm (approximately), this property is located at one of the three entrances to the Rosedale Retail Center. While offering aesthetically pleasing exposure, the perforated window decals also ensure good privacy and plenty of natural light inside the property.

The property is leased to New Zealand trading as 'General Guo', an established tenant specialised in hot pot. A new lease commences from 1/10/2019 with a two(2) rights of renewal of three(3) years each. The current rental income is $55,000pa + GST and outgoings. A rental bond is also in place in addition to a personal guarantee. Rosedale Retail Center is one of the new major retail developments on the North Shore. Tenants in this vibrant center include two supermarket anchor tenants, together with a comprehensive range of restaurants, retail and service providers. This property strategically sits in the midst of an established catchment of residential and commercial precinct, taking advantage of the 19,200 average daily traffic (according to Auckland Transport) on one of the busiest main road in Albany.

Features:

-Tenanted restaurant investment

-Returning $55,000pa + GST and outgoings

-Built in rental bond and rental review

-Neighbouring two supermarket anchor tenants Taiping and Wang mart

-Ample common parking and multiple access

-Motivated Vendor

Call today to book an inspection.

13/96 Rosedale Road, Albany

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