• Tenanted investment currently returning $134,725pa (plus GST and outgoings)
• Located in a strategic East Auckland location with ongoing multi-faceted developments in the nearby precincts
• Purpose-built corner retail unit on the ground floor of this modern development
• Long term lease and fixed annual rental increases provides security and rental growth to investors
• A quality development completed by Argyle Estates circa 2019
• Occupied by an established and successful cafe operator
Bayleys are proud to be appointed as the sole agents to offer this quality tenanted investment opportunity in this established East Auckland Precinct.
This opportunity offers a purpose-built and fully-tenanted corner retail unit on the ground floor of this modern corner development with exposure and access/ exit to both Mt Wellington and Ellerslie – Panmure Highways, being two main arterials within this location.
A property which represents a rare, tenanted investment opportunity, and is currently returning $134,725pa (plus GST and outgoings) with a favourable eight-year lease term from September 2019.
Located in a high growth East Auckland precinct close to the Panmure Station transport hub, with high-profile neighbours and nearby entities including McDonalds, Bunnings, Auckland Toyota, Harvey Norman, Briscoes amongst others.
This opportunity provides a rare modern investment property in this tightly held market and will appeal to a wide range of astute investors.
Call the sole agents now to obtain further details, with all inspections strictly by appointment.
Mike Adams 021 977 527
Jean-Paul Smit 021 021 61616
