Split Risk Investment - National Branded Tenant
22, Mokoia Road, Birkenhead, Birkenhead, North Shore City
Price On Application
- Proposed Usage
- Floor Area
- 846.00 m²
- Land Area
- 759.00 m²
- Property ID
Enquire about this property
A great opportunity to secure an investment type that seldom become available to purchase.
Located in the heart of Birkenhead, this two-level mixed use building sits on a 759m² rectangular freehold title which enjoys a prominent road frontage profile to the busy Mokoia Road. Mokoia Road is the main retail strip in central Birkenhead.
The building has an IEP rating of 78% and is fully leased by the two established tenants, who together occupy the entire net lettable area of 846m². This investment is returning a net annual income of $116,675 + GST with excellent growth potential.
New Zealand Post has occupied the top level for many years and is currently on a 9 year term, which commenced in 2014, with 2 further terms of 3 years which includes 3 yearly rent reviews to market. The downstairs has been occupied by Birkenhead Crossfit since 2011, an established operator with years of experience being one of the first Crossfits to open in New Zealand.’
The new owner will enjoy good cashflow now with a variety of options with the favourable zoning, giving future development opportunities.
For further information please contact the Sole Agents at Colliers International.
Euan Stratton 027 5807 439 Sean Honeycombe 027 252 8882