National Brand as Tenant - Popular Retail Centre
17/160, Wairau Road, Wairau Valley, North Shore City
- Proposed Usage
- Floor Area
- 105.00 m²
- Auction Date
- 11:00 - Oct 23, 2019
- Property ID
• Established national tenant, Burger Wisconsin, returning net $49,392pa + GST
• 10 year lease from 2013 with built-in rent reviews
• Situated in the busy Wairau Junction Retail Centre, a high profile corner site
• 100% NBS IEP rating
Offered to the market is an excellent affordable passive investment opportunity in the popular Wairau Junction retail centre. Comprising a 10 year lease from 2013, the property is returning net $49,392pa + GST with built-in rental growth. Tenanted by Burger Wisconsin since 2017, this well-established restaurant chain was originally established in 1989. Since then, the brand has expanded to 25 restaurants across New Zealand, including 10 in Auckland.
Wairau Junction totals approx. 4,800sqm and underwent major redevelopment in 2013/2014. This popular modern complex includes well-known tenancies such as Coffee Club, Pita Pit, Pizza Hut and City Fitness and is one of the most prominent centres on the North Shore, benefiting from ease of access and circa 155 car parks.
A national tenant, a growth location and a high exposure corner complex with a quality tenancy mix - this represents an opportunity that cannot be missed.