Affordable Small Shop in Newmarket for sale
5H/153-185, Broadway, Newmarket, Auckland City
Price On Application
- Proposed Usage
- Floor Area
- 26.00 m²
- Property ID
Positioned on the 1st floor of the Rialto Centre along with Rialto Cinema, this retail foodcourt unit consists of a floor area of 25.58sqm. The property is occupied by Meow Cafe, an established tenant in the foodcourt on a brand new 3 year lease, total gross rental $31,800 + GST.
Surrounding tenants on this level include Rialto Cinema, Subway & Nando's - while ground floor tenants include Cotton On, Bendon Lingerie, The Homestore and Specsavers - with access through to Kathmandu next door.
Auckland University recent expansion into Newmarket ensures the area is one of the most important and busiest districts in Auckland. Several thousand students have relocated to this campus, 5 minutes walk from the Rialto Centre, bringing in significant foot traffic and business opportunities to the area, especially in the hospitality industry.
With Newmarket also having a workforce of approximately 20,000, this is a rare opportunity to secure a well leased affordable investment in a popular and highly-regarded area. Add value investors and owner occupiers should enquire!
Asking price $250,000 + GST (if any).