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Wairau Valley

5/160 Wairau Road, Wairau Valley, North Shore

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59sqm Floor area

Affordable retail investment with long lease


- Affordable entry level investment, returning net $25,000pa + GST
- Tenanted by Spice Cuisine, an established Indian takeaway on a 10 year lease from 2013
- Situated in the busy Wairau Junction centre
- 100% IEP rating

Offered to the market is a bite-sized retail shop comprising a 10 year lease with built-in rental growth, ideal as an entry-level passive investment.

The property is well-situated in the Wairau Junction Retail Centre, a high profile corner site of 4,800sqm which underwent major redevelopment in 2013/2014. This popular complex houses a wide range of tenancies such as Westpac, Coffee Club, Pita Pit, Pizza Hut and City Fitness, and is adjacent to the Wairau Junction Commercial Centre. Wairau Junction is one of the most prominent centres located on the North Shore and
benefits from ease of access and an abundance of carparking - up to 155 parks.

An affordable opportunity on a long term lease - this ticks all the boxes as a small, passive investment.

Auction
(unless sold prior)

Bayleys House, 30 Gaunt Street, Auckland

8
Aug

Time11am
Calander
Calendar
Matt Lee

Matt Lee


Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008
Terry Kim

Terry Kim


Commercial North Shore Ltd, Bayleys,
Licensed under the REA Act 2008

Features

Name of Tenant


Singh India Limited (T/A Spice Cuisine)

Net Rental


$25,000pa + GST

Right of Renewal


Two (2) of five (5) years

Term


10 years from 1st September 2013