7/142 Stancombe Road, Flat Bush, Manukau

Affordable, freehold modern investment

UNDER CONTRACT

• Well entrenched and established tenant, Beached As Takeaway, in occupation since construction in 2019
• Six year lease with rights of renewal until 2043
• Returning $45,490pa plus GST and Outgoings
• Dual access points with excellent exposure and ample car parking
• Ormiston-Flat Bush area continues to be an area of significant growth with major developments being undertaken nearby

Strategically positioned on a high profile corner site, the property is part of a unit titled development comprising of ten retail shops on the ground floor. Ample common open parking is provided within the complex. Within the subject development, the neighbouring tenancies include Hell Pizza, Laundromat, Dentist, Physio Moves, Hairdresser, Bubble Tea Cafe and a Chinese Restaurant. All have been established to serve the surrounding residential catchment.

With the area continuing to be the focus of significant growth over the next few years as a result of the major development of Ormiston Town Centre, passive affordable investments such as these are seldom available.

For further information, contact the Sole Agents today:

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

Geoff Wyatt
021 982 322
geoff.wyatt@bayleys.co.nz

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