Must be sold: well-below GV!


Unit F/691 Manukau Road, Royal Oak

By Negotiation

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Must be sold: well-below GV! | Unit F/691 Manukau Road, Royal Oak | 1690169 |      X Close
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Must be sold: well-below GV!


• Two retail shops offering serious add value potential, invest or part occupy

• Tenancy A: 120sqm tenanted by well-known retailer, Black Pepper, returning net $44,225pa + GST

• Tenancy B: 68sqm vacant shop

• Excellent central high exposure location inside Royal Oak Shopping Mall and facing the main entrance

• 71% NBS earthquake rating

The opportunity consists of two high-profile shops with extensive mall frontage, a corner property situated in the foyer at the main entrance of the mall. Tenancy A comprise Black Pepper, a female clothing chain with close to 120 stores across New Zealand & Australia - Black Pepper has had a long-term presence in the Mall, and underwent a major renovation in 2016. Tenancy B comprises a 68sqm shop (with existing plumbing at rear), vacant in October 2020.

A clear order to sell from the overseas owner and inviting interest well below the GV of $780,000 - this represents an add value or part owner occupier opportunity that cannot be ignored.

Unit F/691 Manukau Road, Royal Oak

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