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Albany

3/35 William Pickering Drive, Albany, North Shore

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944sqm Floor area
20 Offstreet

Asking Price NZ$4,200,000 + GST

 (if any)

New eight-year lease with bank guarantee


• New eight-year lease to an established and nationwide business
• Returning $270,000pa + GST and outgoings
• Fixed 1.5% annual rental increases and built-in market rent reviews
• Six-month bank guarantee

Fantastic offering to the market, prime Albany investment comprises 944sqm (approximately) of building accommodating retail, offices, and comprehensive manufacturing facilities along with 20 on-site car parks. KATSUBI, means 'winning day' and is a New Zealand success story. The business has been operating for over 20 years currently with 19 locations nationwide with two more stores opening soon.
Offering a Korean-Japanese fusion cuisine that has become very popular in the dine in and takeaway market. The tenant has invested significantly in the fitout and machinery for their operation including manufacturing to provide high-quality product and supplies to its network of stores. The business is in expansion mode with the view to open more stores around the country. This is a great opportunity to secure a quality building leased to a successful and proven business with fixed rental growth. Do not miss out on this rare offering, seize your winning day!

Ranjan Unka

Ranjan Unka

Director - Commercial

Commercial North Shore Ltd, Bayleys,
Licensed under the REA Act 2008
Steven Liu

Steven Liu

Retail, Development and Investment Sales and Leasing

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

Features

Lease term


Eight year lease to an established and nationwide business

Lease


Returning $270,000 + GST and outgoings

Anchor tenants


Six month bank guarantee

Growth


Business has a great future with plans to open more stores nationwide