Impressive Split Risk Investment


28 Catherine Street, Henderson

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Impressive Split Risk Investment | 28 Catherine Street, Henderson | 1684260 |      X Close
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Impressive Split Risk Investment


- Two (2) national bulk retail tenants who have been in occupation for ten (10) years

- Both tenants just renewed long term, currently returning $500,145.48pa net + GST

with built in rental growth

- Standalone building with a NBS rating of 100%

- Large prominent freehold corner site with circa fifty seven (57) onsite car parks

This substantial bulk retail investment offers passive investors a modern split risk opportunity with existing national tenants both renewing their leases confirming their commitment to the site.

The modern freehold standalone building constructed in 1991 provides versatile bulk retail space with good natural light. The building has been maintained, presents extremely well and is within walking distance to rail and bus networks.

This investment property has all the fundamentals with established tenants, well constructed building (A+ seismic grade), a superb corner location and future potential upside with the zoning allowing a mixed use redevelopment up to 72.5m.

James Valintine

Auckland Central

Licensed under the REA Act 2008

Mobile: +64 21 023 71868
Office: +64 9 375 7431
james.valintine@bayleys.co.nz
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Mike Houlker

Auckland Central

Licensed under the REA Act 2008

Mobile: +64 21 945 927
Office: +64 9 375 8437
mike.houlker@bayleys.co.nz
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Sunil Bhana

Auckland Central

Licensed under the REA Act 2008

Mobile: +64 21 938 660
Office: +64 9 375 8438
sunil.bhana@bayleys.co.nz
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28 Catherine Street, Henderson

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James Valintine

Auckland Central

Licensed under the REA Act 2008

Mobile: +64 21 023 71868
Office: +64 9 375 7431
james.valintine@bayleys.co.nz
View profile

Mike Houlker

Auckland Central

Licensed under the REA Act 2008

Mobile: +64 21 945 927
Office: +64 9 375 8437
mike.houlker@bayleys.co.nz
View profile

Sunil Bhana

Auckland Central

Licensed under the REA Act 2008

Mobile: +64 21 938 660
Office: +64 9 375 8438
sunil.bhana@bayleys.co.nz
View profile