Hollywood Bakery investment
E/65-71, Porana Road, Wairau Valley, North Shore City
- Proposed Usage
- Floor Area
- 133.00 m²
- Auction Date
- 14:00 - Oct 31, 2018
- Property ID
- Proven cafe/bakery brand
- Returning a net rental of $55,000pa + GST and OPEX
- Floor area 133sqm (approx.)
- Popular Wairau Valley location
The ongoing evolution and disruption of the retail market, both online and in physical outlets, resulting from increased e-commerce - dubbed the 'amazon effect' - is in full swing. Hospitality investments, backed by proven brands such as Hollywood Bakery are becoming increasingly sought after. The operator is expanding his business interests on the back of another successful Hollywood Bakery franchise.
The subject unit consists of a generously proportioned 133sqm unit, with a floor to ceiling glass facade, ample car parking and extensive signage/exposure on to Porana Road. Nestled between the residential suburbs of Glenfield and Forrest Hill as well as the booming Takapuna CBD, this is a premium location.
With vacancy rates across the area at historical lows, subsequent tenant demand has stimulated significant rental growth for units of this nature which is yet to be recognised. This demand, lack of greenfield development sites and cost of construction all adds up to an affordable opportunity that you will struggle to replace in the future.
For further information please don't hesitate to contact the sole agents today.