With the client base for the tenants' business, about to experience exponential growth from the burgeoning townhouse developments in the immediate neighbourhood and the pending opening of Te Kaha multi-purpose stadium in Q2, 2026, an exceptional opportunity exists to invest in this commercial unit which is leased to established café, 'Table At Monks' with renewal options through to 2036.
Why invest in a residential property, when you can spend less, enjoy more attractive returns and the security of a long-term tenant who also covers the operating expenses (among other benefits over residential), maximising returns for an investor.
The potential rental growth, post EQ construction, a tenant who has options to expand the hours of their operation makes this an investment opportunity you just can't walk past.
A short stroll to Te Kaha multi-purpose stadium, the central business area, Margaret Mahy and with new developments of urban neighborhoods on three opposite corners of Madras and Armagh , this location is ahead of the game.
• Rent = $38,000 + OPEX & GST
• Lease terms of 4 years each with final expiry being 31 May 2036
• Regular market rent reviews
• Post EQ construction = Built to 100% or greater of NBS at the time of construction
The owners have genuine reasons for selling and have made it clear that this property is to be sold on or before auction day, therefore, please register your interest early as we don't expect this to last
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https://www.propertyfiles.co.nz/property/846880004
E: [email protected] or [email protected]
P: Paul 027 276 7047 or Premilla 0276 885 964
