8 Year Lease - Well-Established Tenant
Wairau Valley, North Shore City
- Proposed Usage
- Floor Area
- 334.00 m²
- Property ID
- Quality passive retail investment opportunity, returning net $82,075pa + GST
- Tenanted by Butcher Jacks, a well-regarded business originally established in 1995
- Situated in the busy Wairau Junction centre, a high growth location with exceptional road exposure
- 100% NBS IEP rating
Offered to the market is a quality passive investment opportunity, comprising an existing 8 year lease with built-in rental growth and further right of renewals. An upcoming rent review is due April 2019, offering an add value opportunity to increase the rental level. This well-regarded butchery offers a range of meat products - including "homemade" options made on-site.
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 car parking - up to 155 parks.
An established tenant, a growth location, a corner site and quality surrounding businesses - this represents an opportunity that cannot be missed.