Positioned on the 1st floor of the Rialto Centre along with Rialto Cinema, this retail foodcourt unit consists of a floor area of 25.58sqm.
Offered for sale with tenant. Brand new 3 year lease, total gross rental $31,800 + GST.
The unit is positioned in the foodcourt level, surrounded by a range of quality food operators, including Subway & Nando's. On the ground level, tenants include Cotton On, Bendon Lingerie, The Homestore and Specsavers - with access through to Kathmandu next door.
Auckland University recent expansion into Newmarket ensures the area is one of the most important and busiest districts in Auckland. Several thousand students have relocated to this campus, 5 minutes walk from the Rialto Centre, bringing in significant foot traffic and business opportunities to the area, especially in the hospitality industry.
With Newmarket also having a workforce of approximately 20,000, this is a rare opportunity to secure a well leased affordable investment in a popular and highly-regarded area. Add value investors and owner occupiers should enquire!
Asking price $250,000 + GST (if any)