Retail Investment - 10 Year Lease


349 Great North Road, Henderson

Auction

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Retail Investment - 10 Year Lease | 349 Great North Road, Henderson | 1682466 |      X Close
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Retail Investment - 10 Year Lease


- Retail tenanted investment

- Currently returning $50,000pa (net) plus GST

- 10-year lease term from July 2016

- 276sqm freehold site with rear car parking

- Close proximity to WestCity Mall

- Onsite parking to rear

- Positive IEP Report

This tenanted retail investment represents a rare opportunity in today's market.

Located within the vibrant Henderson retail precinct and near WestCity Mall and a number of other high profile amenities, services and retail providers.

The two storey building which has been utilised as a dry-cleaning facility for a number of years, offers approximately 220sqm of floor area, with onside parking to the rear.

The tenant is a well-established and respected operator in this market segment and this location, with a renewed 10-year lease term commencing July 2016, and 2 yearly rent reviews.

An independent IEP evaluation has been conducted, resulting in a 70% IEP rating. Details are available on request.

The property is utilised as a retail service outlet and a regional processing centre by the tenant, Maxwell Dry Cleaners.

The property is to be sold by public Auction (unless sold prior)

11am, Wednesday 30th November 2016

4 Viaduct Harbour Avenue, Auckland

All viewings are strictly by appointment.

For further details contact the sole agents:

Mike Adams

021 977 527

Laurie Bell

021 949 032

349 Great North Road, Henderson

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