• Strong tenant profile - Huckleberry Farm organic supermarket
• Eight-year lease from February 2018 plus rights of renewal
• Upon settlement returning $195,262pa + GST and outgoings
• Six-month bank guarantee
• Fixed rental increase of 2.75% annually
The property is generating a healthy income from Huckleberry Farm supermarket, a business that established themselves in the early 1990's opening their first store in Greenlane Auckland. New Zealand's leading organic grocer, Huckleberry are passionate about offering local grown produce and quality products to communities throughout New Zealand.
The building comprises approximately 743sqm of nett floor area providing front and rear entrance ways for public access, situated on freehold land of 764sqm (more or less). 'A Grade' earthquake rating. At the rear of the site is public parking adjacent to New World supermarket. Browns Bay town centre is spoilt for choice with strip retail shopping, cafes, bars, and restaurants, and not to forget its distinctive beachside setting with child-friendly play areas.
An essential service business with annual rental increases along with a bank guarantee in place, this is a must for all investors.