Brand new five year lease - 7% plus yield


1E The Concourse, Mangere

Asking Price NZD $1,810,000 + GST (if any)

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Brand new five year lease - 7% plus yield | 1E The Concourse, Mangere | 1902958 |      X Close
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Brand new five year lease - 7% plus yield


• Fully licensed nightclub, bar and gaming lounge

• Returning $126,876 p.a. + OPEX + GST from well-established tenant

• Current lease terms run through until 2025

• Extremely busy and popular venue with generous car parking, dual access

• Town centre location with potential future development upside

With a brand new five year lease in place, this property will suit investors who prefer good cash flow and positive return. A rare opportunity to secure a freehold, town centre commercial property at an affordable price bracket - this is an investment not to be missed.

Located in the heart of Mangere Town Centre, the property has 18 gaming machines and is the only licensed premises in the Town Centre, enjoying excellent patronage. The property spans 715sqm and is well positioned on the first floor with dual access and generous parking above retail shops. Surrounding amenities include a library and medical centre as well as Countdown and McDonalds.

The brand new five year lease returns $126,876 p.a. plus outgoings plus GST with three personal guarantees and will provide a net return in excess of 7% for its new owner. Beat the bank and secure this high yield investment today.

Information memorandum, LIM and IEP reports are available upon request.

For more information contact the sole agents:

Nelson Raines

021 555 673

nelson.raines@bayleys.co.nz

1E The Concourse, Mangere

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