Passive investment opportunity

2020 Great North Road, Avondale


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Passive investment opportunity | 2020 Great North Road, Avondale | 1691302 |      X Close

Passive investment opportunity

• Affordable, low-maintenance investment

• High-profile position in Avondale town centre

• Recently refurbished, 100sqm (approximately) retail unit with 4 car parks

• Long term lease + rights of renewal until 2030, with built in annual rental growth

• Established operator (Beach Pizza) returning a net income of $33,312pa + GST

Attention all new and seasoned investors! This is an affordable, easily managed, welllocated investment opportunity. Position in the tightly held Avondale town centre, a sough-after commercial precinct surrounded by affluent and fast growing residential suburbs.

The shop has a net rentable area of 100sqm more or less, with 4 car parks. Beach Pizza has occupied the building since March 2019 on a five year lease plus further rights of renewal until 2030. Situated 350m from the train station, 2.6km to State Highway 16, and 9km to Auckland city central.

This property ticks all the boxes for investors who is looking for a solid hands-off investment.

2020 Great North Road, Avondale

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