PU4/509-517 Ellerslie-Panmure Highway, Mt Wellington, Auckland

Outstanding Mt Wellington cafe investment

• Premium corner location in a very strategic location
• New eight year lease from a proven and award winning operator
• Built in rental growth of 2% per annum
• Returning $131,752.40pa + GST & Outgoings

Being a brand new building amongst three other units, investors should capitalise on the opportunity to secure this long term passive investment at the strategic junction of Mt Wellington, Ellerslie and Panmure. This corner unit is currently leased to Lola Cafe, a proven operator with previous cafes being the award winning Charlie & George and Flour Mill in Epsom.

Neighbouring tenants include - St Pierre's Sushi, McDonald's, Ray White, Orangetheory Fitness etc.

With a lack of quality retail investments around and very limited retail vacancy in Mt Wellington, investors should take note of this outstanding road front unit. An investment not to be missed - quality tenant, new building, road front unit, branded neighbouring tenants.

To be Auctioned (unless sold prior)
11am, Wednesday 11th March 2020
Bayleys House 30 Gaunt Street, Auckland Central

Tony Chaudhary
021 995 121
tony.chaudhary@bayleys.co.nz

Janak Darji
021 047 1290
janak.darji@bayleys.co.nz

Amy Weng
021 177 3422
amy.weng@bayleys.co.nz