New eight year lease

1/2, Fencible Drive, Howick, Manukau City

Auction

Proposed Usage
Retail
Description:
Property ID
1c5pfxp

• Well established tenant
• Prime location
• Currently returning $130,989 net + GST
• Rent is increasing to $135,000 + GST and outgoings in November 2019
• Four covered and secure car parks

Long term successful tenant has taken early lease renewal and extends term to protect position for future.

This property investment offers investors a bottom drawer opportunity with built in rental growth, great location and a tenant that has invested significant dollars in fitout. This will appeal to long term property holders.

Dave Stanley
021 326 820
dave.stanley@bayleys.co.nz

Geoff Wyatt
021 982 332
geoff.wyatt@bayleys.co.nz

Enquire about this property

Howick Area