A/4343-4349 Great North Road, Glendene, Waitakere

Better than returns in the bank... A lot better!

• National brand medical centre in occupation on a nine year lease
• Fantastic exposure with generous car parking
• Currently returning $187,395pa plus GST and outgoings
• Assured rental growth - two yearly to CPI plus 1.5%

With a nine-year lease in place from 2017, rights of renewal until 2038 and assured rental growth, Unit A, 4343-4349 Great North Road, Glendene presents an attractive offering. A long-term essential investment which would make an attractive edition for any portfolio.

Situated within the bustling Glendene Shopping Village which is home to tenants that include Labtests and Barfoot and Thompson; the property is in close proximity to public transport networks and main arterial routes and is underpinned by an established residential catchment with no other competing medical centre nearby.

Fitted out to a high standard and occupied by well known and established regional brand tenant, Local Doctors, a healthcare provider with nearly 40 clinics Auckland wide - making them the nations largest medical provider; passive investors can take comfort in the secure and well-established tenant covenant with built in rental growth.

For further information, contact the SOLE agents today

Beterly Pan
021 139 2228
beterly.pan@bayleys.co.nz

Tony Chaudhary
021 995 121
tony.chaudhary@bayleys.co.nz