- 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