Listed: Tue, 17 Mar

6% Yield – Two Fully Leased Retail Investments

2 & 12 Henry Tayler Rise, Wainui, Rodney, Auckland

Price by negotiation

518-1337m² Floor
1798m² Land

Attribute	Value
Property use	Retail
Agency reference	NZL67039188

Colliers is pleased to exclusively present 2 and 12 Henry Tayler Rise, Milldale - for sale with an asking yield of 6%. The offering features two freehold, high quality and fully leased neighbourhood retail investments, in the heart of Milldale. Developed by the highly regarded Broadway Property Group, the tenancy mix is firmly tenant and community focused, with a range of everyday food, beverage, convenience and service operators. Income security is further supported by a mix of cash bonds and bank guarantees, alongside fixed annual or CPI-based rent reviews. 2 Henry Tayler Rise

Net income: $441,603 pa net + GST from 8 tenants
Building Area (approx.) 819sqm
Land area: 994sqm
Tenants include – Juno Café, Pizza Hut, Sushi, Fulton Hogan etc

12 Henry Tayler Rise

Net income: $313,300 pa net + GST from 6 tenants
Building Area (approx.) 518sqm
Land area: 804sqm
Tenants include – Superette, Ray White, Bakery, Liquor, Barber etc

Positioned on adjacent prominent corner sites directly opposite Waterloo Reserve, the centre benefits from strong street presence, easy accessibility and immediate connection to surrounding residential development. Milldale is one of Auckland’s most active growth corridors, with forecasts indicating more than 15,000 residents and in excess of 4,000 dwellings on completion*, underpinning long-term demand for local dining, convenience retail and essential services. For further information or to register your interest, contact the Sole Agents: Shoneet Chand 021 400 765 and Matt Prentice 021 464 904 *Approximate figures based on forecasts and construction rates.

Features: