International tenant on State Highway 1
215, Rodney Street, Wellsford, Rodney
- Proposed Usage
- Floor Area
- 177.00 m²
- Land Area
- 453.00 m²
- Auction Date
- 11:00 - Apr 10, 2019
- Property ID
• Leased to Subway NZ since 2006
• Standalone premises on a 453m2 (more or less) freehold corner site
• Located in a high growth North-Auckland suburb
• Returning $44,799pa + GST and outgoings
This quality investment is leased to Subway Real Estate Limited returning $44,799 net per annum. Subway Wellsford is an established franchise since 2006 and one of two major fast food brands in the area. The lease includes a full Personal Guarantee from the franchisees.
The property is strategically positioned on a corner site with dual frontage onto State Highway 1 and El Hama Avenue. Originally purpose built for a fast food tenant in the 1980s, this is a rare standalone premise in Wellsford's main street. Measured at 177m2, there is a range of future use-cases for the property including establishing multiple tenancies.
Located in a fast growing North-Auckland suburb experiencing aggressive residential development with over 1000 homes expected in the next 5-10 years. Wellsford is a tightly held commercial market consequent of very low tenant vacancy rates. Positioned on State Highway 1, the property benefits from over 10,000 daily traffic movements..