Browns Bay investment - long term lease

8/26, Anzac Road, Browns Bay, North Shore City

Tender

Proposed Usage
Retail
Floor Area
514.00 m²
Description:
Property ID
1c67zcq

• Modern childcare investment in popular Browns Bay, walking distance (450metres) to the beach
• Twelve year lease commenced April 2018 with rights of renewal offering long term stability
• Benefits from Countdown supermarket as neighbour and New World directly across the road
• Under new management, the centre is returning $242,112pa plus GST and outgoings with assured rental growth

Positioned in the popular North Shore seaside precinct of Browns Bay, the property is part of a quality modern development built in 2014. Tenants in the complex include Snap Fitness, Tank Juice and St Pierre's Sushi. Strategically located adjacent to a Countdown supermarket; across the road from New World supermarket and the neighbouring development site being Kauri Residence (48 apartments plus five luxury penthouses), the centre will benefit from the suburb's ongoing residential intensification.

Licensed for 97 children, with a long term lease plus further rights of renewal and returning $242,112pa plus GST with assured rental growth, here is an opportunity for investors to acquire a passive investment in a highly sought after location.

Contact the SOLE Agents today

Tony Chaudhary
021 995 121
tony.chaudhary@bayleys.co.nz

Amy Weng
021 177 3422
amy.weng@bayleys.co.nz

Michael Nees
021 182 3085
michael.nees@bayleys.co.nz.

Enquire about this property

Browns Bay Area