TENANTED CAFE INVESTMENT

Property listing ID: 88467

Floor area
272m²
Price / method
For sale by negotiation

Barfoot & Thompson has been exclusively appointed to market 985 Mount Eden Rd (also known as 1 Kimiora Street) in Three Kings, Auckland. Centrally located and situated in the heart of Three Kings, this tenanted café benefits from easy access to nearby amenities - Three Kings School, local shops, supermarkets, and public transport are among the many nearby. It is only 13.5km to the airport and 7km to the CBD, and close to Mount Eden Village. Fletcher Living is building more than 1,000 residential properties in the neighbouring site over the coming five to ten years. The Just Like Martha café has signed a brand new six-year lease with built-in rent growth on an annual basis. The experienced café operator has six successful cafes/restaurants in town and appreciates the central location and strong population growth over time. KEY FEATURES: • Returning net $91,730 per annum + GST • Brand new six-year lease with rights of renewals in place • Experienced and successful tenant • Total area 271.6m² (includes exclusive outdoor area) • Two allocated car parks • Modern fitout • Fantastic road frontage • High-growth location

Listed by Barfoot & Thompson , Bruce Jiao (North Shore Commercial) , Cathy Li (Milford)