NEW 5 YEAR LEASED INVESTMENT
Otahuhu, Auckland City
- Proposed Usage
- Floor Area
- 517.00 m²
- Property ID
Brilliant chance to purchase a highly desirable freehold retail investment smack bang in the centre of Otahuhu retail strip. This site has been home to Relon Trading NZ LTD for the last 10 years who have just renewed for a further five years from 14 November 2017. The premises has a prime retail frontage with very high foot traffic count and also benefits from street parking directly in front of the shop and can also be accessed from the rear. The site consists of ground floor retail outlet with first floor storage facility which could also double as residential accommodation.
This property is to be sold as a leased investment, the current lease provides good rental growth with built in rent reviews every two years, currently the property generates a rental income of 128,000 nett pa plus gst.
• Proven retail site of circa 517m²
• Located directly in the centre of Otahuhu's retail strip
• Leased to an established tenant
• Realistic yield expectations