Strategic Investment: 8 yr lease with fixed growth


2/3045 Great North Road, New Lynn

Auction

Download Email
Strategic Investment: 8 yr lease with fixed growth | 2/3045 Great North Road, New Lynn | 1685584 |      X Close
Image
Description

Strategic Investment: 8 yr lease with fixed growth


- Freehold investment property returning $151,178.25 + GST p.a. (from 1 June 2018)

- 8 year lease (from June 2016) with strong tenant covenant and bank guarantee

- High profile position opposite Lynn Mall and New Lynn Transport Centre

- Modern building with 92% IEP (seismic) rating

This modern, hands-off investment opportunity has it all. Along with offering a strong lease term and covenant, the property is located in the sought after New Lynn growth area opposite Lynnmall and New Lynn Transport Centre, and is surrounded by other National and International retailers. The property has over six years to run on the current lease term and benefits from fixed annual 3% rental growth, further adding to the attractiveness of this strategic investment.

See link below for this property's key offerings:

http://truecommercial.oneroof.co.nz/insights/news/property-articles/retail-space-offer-opposite-lynnmall/

Just sit back, enjoy the cashflow and watch this investment flourish.

2/3045 Great North Road, New Lynn

Open in map