410 The Esplanade, Island Bay, Wellington

Iconic Commercial Investment in Island Bay

Situated on the picturesque Island Bay coastline, this iconic cafe presents an excellent commercial investment opportunity for a savvy investor.

This location is a popular Wellington tourist destination, situated on a busy roadway enjoyed by cyclist, walkers and runners which keeps the cafe busy all year round.

Being just a stones throw to the Taputeranga Marine Reserve, this place is also perfect for those snorkelers and scuba divers wanting to enjoy a coffee, brunch or lunch before or after experiencing the biodiversity of protected marine life.

With a modern fitout, superb ocean view, two dedicated car parks and plenty of customer council car parking directly across the road, It's not surprising that the Beach House Cafe have renewed their lease for another 5 year lease term at this property. With annual rental increases and market rent reviews upon renewal, this investment provides a steady increase in income over the years to come...

*Net income $62,124.90 + GST p.a
*Lease Expiry 23 March 2026 + (2 x 5 Year ROR)

Please register under Property Files to view the further information on this property including the lease documents, body corporate, rates & insurance, LIM, title and information memorandum:
http://www.propertyfiles.co.nz/564490001

Please do not hesitate to contact Hadleigh Petherick or Mark Walker in regard to any aspect of the content included in the further information on this property or to arrange a viewing of the property.