Sweet investment - new five year lease

1A/89, Ellice Road, Wairau Valley, North Shore City

Auction

Proposed Usage
Retail
Description:
Property ID
1c75qbz

A great opportunity to secure a fantastic road front investment in the popular location of Wairau Valley. An established Cafe since 2008 provides a new five year lease with further rights of renewals along with built in rental growth.
With its excellent location, the property is home to a range of businesses and popular brands that underpin the precincts commercial desirability including; Big Save Furniture, Smith City, Rebel Sports, Briscoes, Noel Leemings, Harvey Norman plus many more iconic brands. Properties of this nature are very sought after in a tightly held market, so this will appeal to first time, passive and astute investors. Together with a high growth area, road frontage and established business use - this represents an opportunity not to be missed.
Call now to arrange a viewing time.

Key Features:
- Returning $60,000pa + GST + Outgoings
- Term: Five (5) years
- Rights of Renewal: Two (2) further terms of Four (4) years
- 13 car parks
- Experienced Cafe owner
- Established business use
- Approx 121sqm floor area plus an additional exclusive outdoor area of approx 25sqm

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Wairau Valley Area