Buy one, two or all three!
Well located, individual Freehold Strata retail units currently returning a total rental of $342,829.37 plus GST net per annum, with the opportunity to earn higher returns in the short term.
These investments will appeal to investors seeking a solid asset with good long-term increasing cash-flows, tenant covenant and build quality in the prominent Auckland retail suburb of Newmarket.
The properties are well presented and hold a total prime street frontage of 13.7 metres on the most sought after stretch of Newmarket's Broadway - between Westfield and Smith & Caughey's. Being on the 'right' side of Broadway, the properties enjoy significant passing foot traffic and retail visibility which bodes well for their long-term investment earning potential.
The largest of the three properties is unit G6, leased to Dove Hospice on a new six year lease. Unit G5 is leased to Pandora Jewelry on a five year lease with a right of renewal in 2023. Unit G4 is currently vacant and offers an investor or owner-occupier good options in this sought after and marketable location.
This is a great opportunity for an investor looking for a solid asset in one the most prominent retail suburbs in Auckland.
Please contact Andrew Clark or Conrad Traill for more information and a detailed Information Memorandum.
