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Manukau City

2/597 Great South Road, Manukau City, Manukau

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144sqm Floor area

Auction

(unless sold prior)

Fixed rental growth in Manukau CBD


• Modern and well-presented retail/food premises
• Excellent exposure with generous parking
• Head office lease with personal guarantees as Sublessee / Franchisee
• Current returning $58,762 pa. +GST + Outgoings
• Next rent review set at $60,818 pa. + GST + Outgoings
• Strong guaranteed fixed rental growth of 3.5% per year
• IEP (Seismic) rating 100% (A)

Well located in the heart of Manukau CBD, this tenanted investment is situated within a modern retail complex built in the early 2000's. Being 1 of 10 units in this complex, the subject unit is characterised by high ceilings and rectangular retail space.

This retail complex provides for drive around access and excellent sealed car parking to the front of the premises with proximity to AUT University, State Highway 1, Count down, Vodafone Events Centre and other services & eateries.

The subject unit currently is let to national-wide Sal's Pizza with excellent tenant covenant.

Don't miss this holding income property investment, and takes advantage of Manukau's continual growth and development.

Auction
(unless sold prior)

Bayleys House, 30 Gaunt Street, Auckland

7

Aug

Time11am
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Oscar Kuang

Oscar Kuang


Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008
Amy Weng

Amy Weng


Bayleys Real Estate Ltd, South Auckland,
Licensed under the REA Act 2008
James Chan

James Chan


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

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