Albany
8/270 Oteha Valley Road, Albany, North Shore
+16
Affordable hospitality investment in Albany
• Affordable modern investment returning $31,347pa + GST (net)
• Tenanted by an established Chinese restaurant on a three-year lease from September 2024
• Located in The Foundation - featuring a quality tenant mix including PopeyesChicken, Tank Juice, Snap Fitness and a range of Asian-themed businesses
An excellent opportunity to secure a well-located, affordable retail/hospitality investment in the heart of Albany. This 58sqm (approximately) unit is tenanted by Go Go Gyoza, an established restaurant offering a range of Chinese cuisine.
Comprising a three-year lease from September 2024 plus further right of renewals, the property benefits from two personal guarantees as well as a rental bond - providing investors with significant lease security.
Constructed in 2014, The Foundation is a prominent retail convenience centre situated on the corner of Oteha Valley Road and Appian Road. The development is strategically located close to Albany Lifestyle Centre/Mitre 10 Mega, Westfield Albany, KFC, Auckland Council offices, Sum Made Chinese restaurant, and other major amenities.
A clear instruction from the relocating vendor - this is to be sold.
Tenancy Details
Name of Tenant: Mr.Zhang Food & Beverage Limited
Term of Lease: Three (3) years from 15th September 2024
Net Rental: $31,347pa + GST
Matt Lee
Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008
Steven Liu
Bayleys Real Estate Ltd, North Shore Commercial,
Licensed under the REA Act 2008
James Chan
Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008
Features
Opportunity
A clear instruction from the relocating vendor – this is to be sold
Passing income
Returning $31,347pa + GST (net)
Floor area details
58sqm (approximately)
Amenities
Located in The Foundation - featuring a quality tenant mix including Popeyes Chicken, Tank Juice, Snap Fitness and a range of Asian-themed businesses
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