Listing #:1702861344

Superb Retail Investment - New 8 Year Lease

Location: R18, 175 Millwater Parkway, Millwater, Rodney, Auckland
Property use: Retail
Floor area: 149-149m2
Land area: 0m2
Price: Price by negotiatio­n
A rare opportunity to secure a unit in the sought after and fully leased Millwater retail development. The 108.41sqm retail unit comes complete with a 41sqm wrap around balcony offering stunning views of the Orewa estuary and Hauraki Gulf. Developed by Broadway Property Group in 2015, these precast concrete units are built to the highest standard in an area which has seen and continues to see rapid growth.

The owners have opted to put their business into a lease which will be signed upon the sale. The 8-year lease commencing in August 2018 with rights of renewal, has market and CPI rent increases giving investors growth moving forward.

The tenant Millwater Bistro & Bar, run by experienced operators, is the sole bistro and bar in Millwater and thrives from the high-density population surrounding the retail precinct. www.millwaterbistroandbar.co.nz 

This is a rare offering and one which ticks many boxes for any astute investor. For further information please do not hesitate to contact the listing brokers.

Sean Honeycombe 027 252 8882 | Euan Stratton 027 580 7439
Features:
* Returning: $49,514 pa net + GST
* 108.41sqm internal + 41sqm balcony
* New 8 year lease with rights of renewal
* Sole Bistro & Bar in Millwater run by experienced operators
* Market and CPI rental growth
* Developed by Broadway Property Group in 2015
* High growth area

Agency reference #: 209105
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Price by negotiation
R18, 175 Millwater Parkway, Millwater, Rodney, Auckland
Price by negotiation
Listed: Wed 18 Jul, 9:54 am
Sean Honeycombe
Colliers International North Shore, (Licensed: REAA 2008)
  • Contact details
  •  (09) 3578612
  •  (027) 2528882

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Agent's details

Sean Honeycombe
  •  (09) 3578612
  •  (027) 2528882
Euan Stratton
  •  (09) 4884779
  •  (027) 5807439
Colliers International North Shore, (Licensed: REAA 2008)
(09) 4884777
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