18 Year Lease to National Tenant

Units, 12 & 16, 170 Wairau Road, Wairau Valley, Wairau Valley, Marlborough

Price On Application

Proposed Usage
Retail
Floor Area
1444.00 m²
Description:
Property ID
1c5f49l



Invest in one of New Zealand's Major fitness chains and a growing industry. Located in over 30 locations nationwide. The property is well situated in the Wairau Junction retail centre which underwent major redevelopment in 2013/2014. With tenancies such as Westpac, Coffee Club, Pita Pit, and Pizza Hut. Wairau Junction is one of the most prominent centres on the North Shore, and benefits from up to 155 parks.

Tenancy Details:

Wairau Park City Fitness Limited

Term of lease: 18 years

Commencement date: 1st November 2012

Rights of Renewal: Two (2)  of seven (7) years

Net Rental: $276,238pa + GST and OPEX

 

Wairau Park City Fitness Limited

Term of lease: 14 years and 7 months

Commencement date: 1st April 2016

Rights of Renewal: Two (2)  of seven (7) years

Net Rental: $87,965pa + GST and OPEX

 

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Wairau Valley Area