RIPE FOR THE PICKING

A/20, Wainui Road, Silverdale, Rodney

By Negotiation

Proposed Usage
Retail
Floor Area
300.00 m²
Description:
Property ID
1c1kxgz

Road front tenanted retail investment in popular convenience retail centre in the busy Silverdale Town Centre. Built in 2013, this 5 year old purpose built Fruit, Vegetable and Convenience Grocery store is offered to the investment market. Currently returning $94,000.00 per annum plus GST (net) with approximately 2.8 years to run on its initial 8 year term. The lease includes a rent review this year and personal guarantees.

The unit itself benefits from tilt slab construction and approximately 300m² of space incorporating open plan retail, suspended ceilings, small management office, amenities and a rear goods loading area serviced by a roller door. Two allocated exclusive staff car parks and ample communal customer parks in the front of the tenancy of convenience and function for shoppers and staff.

A mixture of quality neighbours are located within the development including ASB Bank, Nandos, Westpac, Burger Fuel and Sals Pizza all serve to underpin the location.

Silverdale as a location is undergoing significant development and is one of New Zealand's fasted growing areas helping to further serve the customer base. Wainui Road is a major arterial feeding the Silverdale town centre, new Highgate Industrial estate and the rapidly expanding Milwater residential area.

Please call either of the agents for a full Information Memorandum and to arrange inspection which is highly recommended.

KEY FEATURES:
• Floor area 300m² (approx.)
• Two exclusive car parks, numerous communal customer parks
• Rear goods loading and access
• 8 Year lease to expire 1 December 2020 (via Assignment)
• Final expiry (if renewals exercised) 30 November 2028
• Tilt slab construction, only 5 years old
• Returning $94,000.00 net rental per annum
• Superb location and complementary tenants within the development

Enquire about this property

Silverdale Area