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Manukau City

C/5 Jack Conway Avenue, Manukau City, Manukau

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470sqm Land area SQM
470sqm Floor area

High Quality Tenanted Investment


• Unit title on freehold corner site offering substantial exposure
• Modern, low-maintenance premises
• Two long-standing and well-established tenants returning $130,000pa plus GST plus Outgoings
• Total floor area 471sqm (approx) - ground floor 230sqm and first floor 241sqm with carparks
• Attractive Manukau CBD location close to key transport routes

The opportunity to secure a long-term tenanted investment in sought-after Jack Conway Ave awaits. The well-presented first floor office is tenanted by an established international business. Both tenants have long-term leases providing income security for the new owner. The First Floor tenant, Bartercard New Zealand has a 8 year lease, commencement date of March 2013, with two (2) x four (4) years rights of renewal with a net rental of $50,000 plus GST and outgoings. Ground floor tenant, Gordy's Bar & Gaming Lounge has an 8 year lease, commencement date December 2016, with three (3) x four (4) years rights of renewal, with a net rental of $80,000 plus GST and outgoings.

Whether you are a savvy investor adding to your portfolio, or a first time commercial investor wanting independent ownership, this properly ticks all the boxes.

Don't delay, contact us today to view the property.

Asking Price NZ$2,100,000 + GST (if any)
Takanini

Takanini


Bayleys Real Estate Ltd, Takanini,
Licensed under the REA Act 2008

Features

Location


Attractive Manukau location

Tenancy


Two long-standing and well-established tenants returning $130,000 net p.a.

Use


230sqm ground floor retail and approximately 241sqm first floor office space