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East Tamaki

Unit 3/272 Ti Rakau Drive, East Tamaki, Manukau

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370sqm Floor area
20 Offstreet

Gaming and hospitality gem


• Approximately 370sqm prominent corner site
• Bar and restaurant returning $158,620pa + GST and outgoings
• Long term and secured lease, steady rental growth

This property enjoys a prime location on Ti Rakau Drive, offering excellent visibility and benefiting from the traffic flow connecting East Auckland suburbs such as Pakuranga, Botany, and Howick. Situated on the outskirts of the East Tamaki industrial area, it also provides convenient access to motorway interchanges and major arterials. The strategic positioning of the property ensures close proximity to a wide range of community amenities and easy connectivity to neighboring commercial and residential areas.

Presently, the property is leased to Metro Bar & Restaurant, an establishment known for its modern european style. With almost 30 years of operation, Metro offers a diverse selection of beverages, a gaming lounge, delicious food, bar snacks, jukebox entertainment, and venue rental for functions. The lease agreement spans 15 years with a right of renewal for an additional 10 years, ensuring a guaranteed rental increase and a market review every five years. The lease is backed by a rental bond and a personal guarantee, providing confidence to potential buyers.

Please note: Boundary lines are indicative only

Asking Price NZ$2,998,000 + GST (if any)
Toer Li

Toer Li

Investment, Retail and Industrial Sales and Leasing

Commercial North Shore Ltd, Bayleys,
Licensed under the REA Act 2008
Geoff Wyatt

Geoff Wyatt

Retail and Office Sales and Leasing

Bayleys Real Estate Ltd, South Auckland,
Licensed under the REA Act 2008
Quinn Ngo

Quinn Ngo

Commercial, Retail and Investment Sales and Leasing

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

Features

Floor area details


Approximately 370sqm prominent corner site

Passing income


Bar and restaurant returning $158,620pa + GST and outgoings

Lease


Long term and secured lease, steady rental growth

Location


Prime location on Ti Rakau Drive, East Tamaki

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