Multi-tenanted Browns Bay investment

G1/87-107, Clyde Road, Browns Bay, North Shore City

Tender

Proposed Usage
Retail
Floor Area
1178.00 m²
Description:
Property ID
1c3mpy4

• Freehold retail and car park investment in sought after Browns Bay
• Multi-tenanted with well known retail tenants and 28 car parks
• Currently returning $399,792 plus GST pa with genuine potential to grow further
• Add value here and hold this investment long term
This property presents an excellent opportunity to secure a multi-tenanted retail
investment with genuine upside.
The property features a mix of seven tenancies including eateries Beach Bistro and Velvet Gypsy, convenience food retailers Subway and Noodle Canteen, government agencies Work and Income and New Zealand Police, and fashion store Caroline Eve.
A number of tenants are long-standing and the multi-tenanted nature of this asset provides attractive risk diversification.
This prime seaside investment is located in tightly held Browns Bay, a popular commercial hub of the North Shore that services an established surrounding residential population as well as visitors to the local beach. Surrounding locations population continues to grow with the completion of numerous residential developments adding to demand for retail in this location.
Look to secure an attractive yield with this one. Call us now for full information.

Enquire about this property

Browns Bay Area