Long term retail tenanted investment opportunity

R1/40-50, Rosedale Road, Albany, North Shore City

By Negotiation

Proposed Usage
Retail
Floor Area
164.00 m²
Land Area
3760.00 m²
Description:
Property ID
1c31bw0

- Restaurant tenant on six (6) years term plus two (2) rights of renewal
- Ground floor units sized approx. 164sqm
- Annul rent $85,000 + outgoings + GST
- Experienced restaurant operator expanding from existing business
- Next door to Apollo Medical Centre and retirement village
- Outstanding location in Albany, close to motorways, and public transport

Apollo Square is start of a new living experience in Albany on North Shore. Apollo Square is an all- encompassing development comprising of commercial block (shops and motel), three (3) residential apartment blocks, and 7,500 square metres of recreational and garden area.

Apollo Square Retail Shops are situated on Rosedale Road which serves as one of the main access points to the North Shore and Albany business area and is approximately 2km from the Albany Mega Centre. Coupled with this is the close proximity to the North Harbour Stadium, Stadium Pool, and Massey University. It is also next to Bupa Hugh Green Retirement Village, Apollo Medical Centre, Taiping Asian Shopping Centre which gives the motel guests easy access to food, medical, shopping and leisure.

The stage one commercial block is under construction and expecting to be finished by June 2018. It comprises 13 retail units and 35 units' motel. We are seeking interest from tenant/owner occupiers for restaurants, cafes, fast food, gym, entertainment, fashion, hair & beauty, pharmacy, travel office, show room, banks etc.

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