Fee Simple / 6 year term / National tenant


14 Westgate Drive, Westgate

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Fee Simple / 6 year term / National tenant | 14 Westgate Drive, Westgate | 1690843 |      X Close
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Fee Simple / 6 year term / National tenant


• Modern freehold building returning $51,696 + GST p.a. (net), in the rapidly developing suburb of Westgate

• Well-entrenched tenant with over 6 years remaining on current term and a final expiry of 2032

• Low maintenance fee simple investment with fixed rental increases

• The affordable, passive investment you've be waiting for. Don't miss out!

Westgate is the hub for the large and swiftly expanding communities of Auckland's North West. A well-planned mix of retail, commercial and community uses with excellent transport links and easy motorway access.

Westgate Shopping Centre, which this property forms part of, is a vibrant mix of large format stores and speciality retail in an open-air setting. It's a hub for shopping, dining and entertainment including a cinema, tenpin bowling alley, minigolf, restaurants and bars.

The tenant, Vivo Beauty Limited, is a family run, privately owned company that employs 650 staff in 80 hair & beauty salons across NZ. They are proven performers and have successfully operated in this location for 9 years.

You can take it to the bank. This is a hassle free, bottom drawer investment.

James Were

Auckland Central

Licensed under the REA Act 2008

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Beterly Pan

Northwest

Licensed under the REA Act 2008

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14 Westgate Drive, Westgate

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James Were

Auckland Central

Licensed under the REA Act 2008

View profile

Beterly Pan

Northwest

Licensed under the REA Act 2008

View profile