TENANTED - YIELD 6%+ & 7%+ IN 2021
Highland Park, Manukau City
- Proposed Usage
- Floor Area
- 460.00 m²
- Property ID
Achieve better than 6% from the outset with this high profile location investment. The cherry on top is that your return increases to over 7% in 2 years time. This prime corner site will provide passive return for the next 8 years, with two further lease extensions going through to 2039. CPI rent reviews provide growth and this outstanding stratum in freehold site is bursting with opportunity at the end of the term. Zoned "Business - Town Centre Zone".
• 12 years from April 2015 plus 2 x 6 years ROR
• Returning $274,000 net per annum
• Rising to $320,000 in 2021
• High exposure corner site on busy intersection
• Achieve +6% immediately, rising to +7% in 2021
• A single level, fully licensed restaurant and bar plus 18 gaming licensed
• IEP 67%
• High exposure with wide frontage
Contact Paul Vermaak or Agnes Teh for Information Memorandum.