Fixed rental growth in Manukau CBD
2/597, Great South Road, Manukau, Manukau City
- Proposed Usage
- Floor Area
- 144.00 m²
- Auction Date
- 11:00 - Aug 07, 2019
- Property ID
• Modern and well-presented retail/food premises
• Excellent exposure with generous parking
• Head office lease with personal guarantees as Sublessee / Franchisee
• Current returning $58,762 pa. +GST + Outgoings
• Next rent review set at $60,818 pa. + GST + Outgoings
• Strong guaranteed fixed rental growth of 3.5% per year
• IEP (Seismic) rating 100% (A)
Well located in the heart of Manukau CBD, this tenanted investment is situated within a modern retail complex built in the early 2000's. Being 1 of 10 units in this complex, the subject unit is characterised by high ceilings and rectangular retail space.
This retail complex provides for drive around access and excellent sealed car parking to the front of the premises with proximity to AUT University, State Highway 1, Count down, Vodafone Events Centre and other services & eateries.
The subject unit currently is let to national-wide Sal's Pizza with excellent tenant covenant.
Don't miss this holding income property investment, and takes advantage of Manukau's continual growth and development.