Unit 4/517 Ellerslie Panmure Highway, Mt Wellington, Auckland

Tenanted investment - modern Ellerslie development

• Tenanted investment currently returning $134,725pa (plus GST and outgoings)
• Located in a strategic East Auckland location with ongoing multi-faceted developments in the nearby precincts 
• Purpose-built corner retail unit on the ground floor of this modern development 
• Long-term lease and fixed annual rental increases provides security and rental growth to investors
• A quality development completed by Argyle Estates circa 2019
• Occupied by an established and successful cafe  operator

This opportunity offers a purpose-built and fully-tenanted corner retail unit on the ground floor of this modern corner development with exposure and access/exit to both Mt Wellington and Ellerslie - Panmure Highways, being two main arterials within this location.

A property that represents a rare, tenanted investment opportunity, and is currently returning $134,725pa (plus GST and outgoings) with a favourable eight-year lease term from September 2019.

Located in a high-growth East Auckland precinct close to the Panmure Station transport hub, with high-profile neighbours and nearby entities including McDonald's, Bunnings, Auckland Toyota, Harvey Norman, and Briscoes amongst others.

This opportunity provides a rare modern investment property in this tightly held market and will appeal to a wide range of astute investors.

Call now to obtain further details, with all inspections strictly by appointment.

Mike Adams 021 977 527