MITRE 10 MEGA - BIG IS GOOD

Rare opportunity to acquire a bulk retail investment in quality location. \n\nLong term lease to major national tenant.\n\nLarge format Mitre 10 Mega retail store.\n\nTotal net lettable area of 11,287m2, 195 car parks.\n\nSite area 1.7147ha.\n\n7 years and 10 months from 1 November 2011, final expiry 2040. $1,314,489pa plus GST net rent.\n\nRent review increases shall not be less than 3% and no greater than 9%.\n\nAdjoining tenants include Countdown, VTNZ, Rebel Sport, Harvey Norman, Briscoes and Noel Leemings.\n\nFor Sale by Tender (unless sold prior). Closing 4pm Thursday 16th February 2012. \n16 Northcroft Street, Takapuna, Auckland.