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Listing Description

Listed: Mon, 6 Nov

Standalone, freehold retail with 10yr WALT

2A Swamp Kauri Grove, Takanini, Papakura, Auckland

Price by negotiation

Details

  •   327m² Floor
AttributeValue
Property use
Retail
Agency reference
1904920

Description

  • Modern construction with outstanding amenities completed in 2022
  • Substantial tenant fitout in busy centre with tenants trading well
  • Weighted average lease term (WALT) of 10 years
  • Currently returning $181,554pa + GST and OPEX from three tenants
  • 100% plus NBS-rated structure, and multiple builder warranties still in place
  • Standalone retail building spanning 327sqm (approximately) on 883sqm (more or less) freehold land
  • Zoned Residential - Mixed Housing Urban Zone

Placed in the heart of the fast-growing McLennan Takanini area, this property benefits from a bustling residential community. It's the only commercial spot in the entire McLennan development area, promising less competition and a captive market.

Fully leased to three tenants, generating an annual net rent of $181,554pa + GST and OPEX. Fixed rent growth ensures a reliable income source.

High-quality structure, builder warranties, and substantial investment from tenants in high-quality tenant fitout promise low-hassle ownership and minimal maintenance. Dedicated on-site parking adds to the property's appeal, ensuring easy access for customers and tenants.

This high-quality, modern retail development offers an opportunity for investors seeking a stable income stream and potential long-term growth. Its strategic location, exclusive commercial zoning, secured leases, fixed rental growth, and emphasis on quality and convenience make it an enticing prospect in the vibrant and expanding McLennan Takanini residential area.

Call the sole listing agents for more information:

Piyush Kumar 027 410 4750 mailto:piyush.kumar@bayleys.co.nz

Tony Chaudhary 021 995 121 mailto:tony.chaudhary@bayleys.co.nz


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Agent's details

Enquire about the property

Bayleys Manukau C & I, (Licensed: REAA 2008)

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