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Northcote

50 Northcote Road, Northcote, North Shore

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1,849sqm Land area SQM
329sqm Floor area

Twice as nice - 10 Year Lease to Restaurant Brands


• Brand new retail investment property - Combination KFC and Taco Bell
• New 10-year lease to Restaurant Brands returning $330,000 pa + GST
• High profile 1,849sqm site zoned Business - Mixed Use
• Proven location and surrounded by established residential catchment
• Hands-off investment with unbeatable tenant covenant

A brand-new hands-off investment in a strategic and established location. Comprising a high-profile combination KFC dine in and drive through Taco Bell restaurant on a main thoroughfare, the property benefits from a new ten-year lease to Restaurant Brands, with fixed rental growth throughout the lease.

Underpinned by a high-profile 1,849sqm (more or less) freehold land holding zoned Business - Mixed Use, the site is positioned on a main thoroughfare, offering excellent exposure to traffic movements throughout the day.

Brand new investments of this calibre seldom become available to the market, particularly in such strategic locations. Don't miss this one.

Tender
(unless sold prior)

Bayleys House, 30 Gaunt Street, Auckland Central

29
Jul

Time4pm
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Alan Haydock

Alan Haydock

Commercial, Development and Investment Sales

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

Michael Nees

Commercial, Investment and Development Sales

Bayleys Real Estate Ltd, North Shore Commercial,
Licensed under the REA Act 2008
Damien Bullick

Damien Bullick

Commercial, Development and Investment Sales

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

Features

Occupancy


Brand new retail investment property - Combination KFC and Taco Bell

Lease term


New 10-year lease to Restaurant Brands returning $330,000pa + GST

Zoning


High profile 1,849sqm site zoned Business - Mixed Use

Exposure


Proven location and surrounded by established residential catchment

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