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Listing Description

Listed: Mon, 6 Nov

Priced to go at $2,300,000 – new five year lease

7/26 Anzac Road, Browns Bay, North Shore City, Auckland

Asking price $2,300,000

Details

  •   400m² Floor
AttributeValue
Property use
Retail
Agency reference
1505834

Description

  • Tenant that has been in occupation since development construction in 2014
  • Long term lease with excellent rental growth
  • Immediately adjacent to the East Coasts Bays largest supermarket

Fresh to the market for the first time since built the property presents a strong cashflow investment from an established tenant in one of the premium retail developments in Browns Bay town centre.

The development is immaculately presented having been constructed by a reputable developer and anchored by a Childcare centre to the rear, immediately adjacent to a large Countdown and opposite New World it benefits from this cross-pollination of customers.

The existing tenant has invested heavily in fitout however the property is future-proofed having been designed with an ability to split the unit in future which will diversify income and increase rental.

Browns Bay is undergoing a rapid transformation by way of apartment development within the town centre which is evident next door with this residential growth adding further value to the existing retail space.


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Agent's details

Enquire about the property

Bayleys North Shore Commercial, (Licensed: REAA 2008)

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