High Yield Property Investment - Popular Tenant
Unit 51/691, Manukau Road, Royal Oak, Auckland City
- Proposed Usage
- Floor Area
- 215.00 m²
- Auction Date
- 11:00 - Oct 23, 2019
- Property ID
• Popular and well-regarded Oak Eatery as tenant, returning net $70,000 + GST
• Passive affordable retail investment
• Wide dual frontage with exposure from the main Mall entrance
• Neighbours include Pak N Save, McDonald's, ANZ Bank, Z Petrol Station, Wendy's, TAB, Subway, OPSM and more
Offered to the market is a freehold property investment in the Royal Oak Shopping Mall. The property is occupied by Oak Eatery, a modern and trendy hospitality destination - one of the most busiest cafes/eateries in the Royal Oak and wider area. Since undergoing a complete renovation and opening in 2017, Oak Eatery has achieved a strong and rapidly growing customer base, now considered one of the anchor tenants in the Mall.
Royal Oak Shopping Mall is located in the heart of Royal Oak near Epsom and One Tree Hill. Recently refurbished and located on a 2.15ha site, the mall consists of circa 68 shops, open 7 days a week. Ample car parking is available, comprising 778 spaces, with access points via Manukau Road and Mount Albert Road.
This represents an ideal opportunity to acquire the property ownership and enjoy the rental income as the landlord.