This is an exceptional opportunity to purchase a trophy investment at the gateway to Takapuna and benefit from a diversified income stream from eight tenancies including two anchor tenants; Kathmandu and Prendos NZ limited.
The property is fully leased, currently returning a net income of $926,035 p.a plus OPEX and GST. The versatile nature of the property presents a range of varying tenancies from retail/showroom, commercial office spaces to studio and gym space with a WALT of approx. 6 years. The site provides for over 100 car parks which is a huge benefit for a property in this location.
Barrys Point Road is tightly held for good reason, it presents real long-term value given its central proximity to the CBD and wider North Shore, vast public and transport networks and underlying mixed-use zoning permitting a broad range of uses from commercial, industrial and retail, to residential use, all key factors essential to take advantage of the benefits of the significant population growth throughout Auckland, the North Shore and in particular Takapuna.
For a full information pack, please feel free to contact the agents anytime.
Key Features: • Diversified investment returning $956,127.00 p.a + opex and gst • Fee simple site zoned - Mixed-use • Two Anchor tenants; Kathmandu and Prendos • WALT of approx. 6 years • Stable rental growth across 8 tenancies
Contact: Nick Brown: 021 162 3239 / firstname.lastname@example.org Simon Farland: 021 779 922 / email@example.com Max Andrews: 021 629 141 / firstname.lastname@example.org