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
- 400m² Floor
- 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.