1c Hagley Street, Porirua, Porirua City

Simple retail investment

Passive investors looking to secure a tidy commercial investment - look no further.

This well-appointed 100sqm restaurant is the new home of Reburger in Porirua, an established hospitality operator with 16 sites around the country. The 2023 net lease covers all outgoings while providing an annual return of $30,000, and the market and CPI growth metrics ensure continued returns for the fortunate owner.

The unit has been refurbished head to toe, including the installation of a commercial kitchen and a contemporary cosmetic makeover. The west-facing frontage enjoys excellent natural light and great profile onto Hagley Street with ample car parking options for customers and staff including one exclusive park to the rear. Seismic strengthening in 2022 resulted in the building achieving a rating of 75% NBS.

1c Hagley Street is located in central Porirua, surrounded by several large office complexes and a number of longstanding hospitality businesses including Nandos and Dominos Pizza.

This bite-sized investment ticks a lot of boxes - call now for more information.

To obtain copies of all supplementary documents please register your details at https://www.propertyfiles.co.nz/property/1cHagleyStreet