18/119 Meadowland Drive, Somerville, Manukau

Affordable, freehold investment

• Brand new three year lease
• Returning $34,000pa plus GST and outgoings with fixed rental growth
• First time on the market in 21 years!
• 78sqm (more or less) freehold unit with two entry points and ample car parking
• Surrounded by well-established eateries, Taiping Supermarket, The Coffee Club etc.

Strategically positioned in the heart of Somerville, the vibrant commercial complex at 119 Meadowland Drive encompasses many well established and entrenched eateries and is within close proximity to the Meadowlands Shopping Plaza, The Coffee Club, Les Mills Gym, and Caltex Service Station.

Enjoying a high volume of traffic, Somerville Shopping Centre is no doubt one of the key dining and gathering destinations in East Auckland. The breadth and depth of the cuisine and food offerings together with retail shops and Tai Ping Supermarket have well serviced the growing and diverse community in the area.

Returning $34,000pa plus GST and outgoings, on a brand-new three-year lease commencing 1st June 2022 the property is to be occupied by a Bubble Tea Cafe (with 3 branches in Auckland and another one opening in Newmarket soon). With a final lease expiry of May 2031 and no vacancies in this complex, this freehold property should not be overlooked by investors seeking entry level investments.

For further information, contact one of the below agent today:

Geoff Wyatt
021 982 322
geoff.wyatt@bayleys.co.nz