Iconic buffet restaurant investment opportunity
• High-profile corner site in a prominent retail hub
• Substantial freehold unit comprising 810sqm of prime floor area
• Well-established tenant: Valentines Buffet Restaurant
• Secure long-term income: new 6-year lease recently renewed
Valentines is a highly recognised buffet restaurant brand that has been operating in New Zealand since 1989. This particular location features a high-quality restaurant fit-out across a substantial 810sqm floor area. The tenant has traded successfully at this prime site for over 12 years and recently reaffirmed their commitment by renewing a new 6-year lease. The property forms part of the well-established Wairau Junction complex, which comprises 22 tenancies across 4,800sqm and benefits from ample customer parking.
Tenancy Details
Returning a net rental of $245,000pa + GST. Full tenancy details are available upon request.
• Substantial freehold unit comprising 810sqm of prime floor area
• Well-established tenant: Valentines Buffet Restaurant
• Secure long-term income: new 6-year lease recently renewed
Valentines is a highly recognised buffet restaurant brand that has been operating in New Zealand since 1989. This particular location features a high-quality restaurant fit-out across a substantial 810sqm floor area. The tenant has traded successfully at this prime site for over 12 years and recently reaffirmed their commitment by renewing a new 6-year lease. The property forms part of the well-established Wairau Junction complex, which comprises 22 tenancies across 4,800sqm and benefits from ample customer parking.
Tenancy Details
Returning a net rental of $245,000pa + GST. Full tenancy details are available upon request.
Key features
Location
High-profile corner site
Lease
Returning a net rental of $245,000pa + GST
Lease term
New 6-year lease recently renewed
Parking
Ample customer parking
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