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Newmarket

17 Osborne Street, Newmarket, Auckland

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120sqm Floor area

Retail gem on Osborne Street


• Prime retail unit of 120sqm (approximately) with prominent frontage
• Well-established tenant, The Poi Room, in occupation since 2007 and the longest serving business on Osborne Street
• Renewed four-year lease returning net $90,915pa + GST
• Located along the popular high-end boutique fashion precinct on Osborne Street

An opportunity for all astute investors to be considered, a renewed four-year lease to the longest-serving business on Osborne Street. 17 Osborne Street represents a "hands-off" passive investment tenanted by The Poi Room, a New-Zealand art and jewellery gallery established in 2007 specialising in offering locally-made products locally and offshore.
Osborne Street, together with the adjacent intersecting streets, represents Newmarket's core of fashion and luxury. Home to many of New Zealand's top designers, retailers and hospitality including Deadly Ponies, Elle + Riley, Juliette Hogan, I Love Ugly, Nicole Rebstock and Yu Mei, the area provides a unique consumer experience that can only be found in this district.
You will be hard-pressed to find investments of this nature, these rarely come onto the market.

For Sale by Negotiation
Matt Lee

Matt Lee

Commercial, Retail and Investment Sales and Leasing

Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008
Oscar Kuang

Oscar Kuang

Commercial Sales

Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008
James Chan

James Chan

Director - Asian Markets

Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008

Features

Floor area details


Prime retail unit of 120sqm (approximately) with prominent frontage

Lease


A renewed four-year lease to the longest-serving business on Osborne Street.

Passing income


Returning net $90,915pa + GST

Location


In the heart of Newmarket

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