TENANTED - YIELD 6%+ & 7%+ IN 2021

Highland Park, Manukau City

By Negotiation

Proposed Usage
Retail
Floor Area
460.00 m²
Description:
Property ID
1c4xr34

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".

KEY FEATURES:
• 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.

Enquire about this property

Highland Park Area