Hillcrest, North Shore City

Tender

Mad Butcher and Simply Fresh on 15 year lease

23 Oceanview Road, Hillcrest

ID# 376982

- High profile retail investment
- 15 year lease terms to established well known tenants, Mad Butcher and Simply Fresh
- Freehold building on corner site with ample parking
- Returning $295,809 per annum + GST
- Potential for expansion of existing building
- Well located to service the Northcote, Hillcrest and Glenfield residents

The combination of two complementary businesses, the strategic location and easy access makes for a very attractive long term investment. A large residential catchment area surrounding the property will ensure the future value of the asset.

Tenancy Details
Name of Tenant: Mad Butcher
Term of Lease: Fifteen (15) Years
Commencement Date: 01 August 2014
Net Rental: $115,125 + GST

Name of Tenant: Simply Fresh
Term of Lease: Fifteen (15) Years
Commencement Date: 01 August 2014
Net Rental: $148,574 + GST

Name of Tenant: Simply Fresh Offices
Term of Lease: Fifteen (15) Years
Commencement Date: 01 August 2014
Net Rental: $32,110 + GST

For Sale by Tender (unless sold prior)
Closing 4pm, Thursday 31st July 2014
29 Northcroft Street, Takapuna.

FEATURES
  • 57
  • 1071m²
Land Area 2,861m2
Location Strategic
Parking Ample
AGENTS

Simon Aldridge

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Devereux Howe-Smith Realty Ltd North Shore C & I
Licensed under the REA Act 2008
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Ranjan Unka

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Devereux Howe-Smith Realty Ltd North Shore C & I
Licensed under the REA Act 2008
Contact Agent