Affordable retail investment with long lease
Wairau Valley, North Shore City
- Proposed Usage
- Floor Area
- 59.00 m²
- Auction Date
- 11:00 - Aug 08, 2018
- Property ID
- Affordable entry level investment, returning net $25,000pa + GST
- Tenanted by Spice Cuisine, an established Indian takeaway on a 10 year lease from 2013
- Situated in the busy Wairau Junction centre
- 100% IEP rating
Offered to the market is a bite-sized retail shop comprising a 10 year lease with built-in rental growth, ideal as an entry-level passive investment.
The property is well-situated in the Wairau Junction Retail Centre, a high profile corner site of 4,800sqm which underwent major redevelopment in 2013/2014. This popular complex houses a wide range of tenancies such as Westpac, Coffee Club, Pita Pit, Pizza Hut and City Fitness, and is adjacent to the Wairau Junction Commercial Centre. Wairau Junction is one of the most prominent centres located on the North Shore and
benefits from ease of access and an abundance of carparking - up to 155 parks.
An affordable opportunity on a long term lease - this ticks all the boxes as a small, passive investment..