National Tenant since 1997 - Affordable Investment


D/691 Manukau Road, Royal Oak

Auction

Download Email
National Tenant since 1997 - Affordable Investment | D/691 Manukau Road, Royal Oak | 1689275 |      X Close
Image
Description

National Tenant since 1997 - Affordable Investment


- Affordable passive property investment returning net $40,325pa + GST

- Established tenant, Rodney Wayne, having occupied the premises since 1997

- Current 6 year lease with a further right of renewal

- Excellent position at the centre of the Mall just off the main entrance - benefitting from direct interior and exterior access

- 71% NBS earthquake rating

A rare opportunity to acquire an affordable retail investment tenanted by an established long term brand. Occupied since 1997, Rodney Wayne is an award-winning national hair salon brand with 18 salons across Auckland, and 33 throughout New Zealand. The business also provides a retail front, via Shampoo 'n' Things - an equally established and well-known brand itself.

The premises benefits from its excellent exposure at the centre of the Mall, with dual access - via the interior and exterior of the Mall (allowing 'after hour' access) and receives significant signage exposure at the main Mall entrance. Surrounding by circa 65 different businesses including Pak N Save, McDonald's, ANZ Bank and Wendy's, close to 778 car parks are located at the centre - a high exposure building on a 2.15ha site with access off both Manukau Road and Mount Albert Road.

An established tenant of 22 years and a national brand in an excellent position with dual access, this represents an affordable opportunity not to be missed.

D/691 Manukau Road, Royal Oak

Open in map