Unit K/691 Manukau Rd, Royal Oak, Auckland

New 4 Year Lease: High-Return Foodcourt Investment

•Affordable freehold entry-level tenanted investment, with modern new fitout
•Returning an annual net rental of $20,824pa + GST (tenant pays Rates and Body Corporate Levy)
•Brand new 4 year lease from 1 September 2023
•Mall Neighbours include PAK'nSAVE, McDonald's, ANZ, Subway and more

Offered to the market is an affordable freehold unit in the Royal Oak Shopping Mall. Tenanted by KOBS (Korean BBQ Bowls and Salads)- who have recently signed a 4 year lease starting September 2023, the property is returning net $20,824pa + GST.

Situated on the ground floor of the Mall in the food court, a range of eateries are located in the food court - including Umiya (Japanese), Sahil Indian Cuisine, Elegance (Filipino), and The Ca Faye. Royal Oak Shopping Mall is located in the heart of Royal Oak near Epsom and One Tree Hill. The mall consists of circa 68 shops, open seven days a week. Ample car parking is available, comprising 778 spaces, with access points via Manukau Road and Mount Albert Road.

This represents an excellent opportunity to acquire an entry-level tenanted investment with the benefit of a new 4 year lease.