Listing #:1709720394

4 x Shops on Large Freehold Land

Location: 570 Te Atatu Road, Te Atatu Peninsula, Waitakere City, Auckland
Property use: Industrial
Floor area: 387m2
Land area: 1229m2
Price: To be sold by auction on 22 Aug
- Fully leased retail investment on 1,229sqm freehold site offering significant future capital upside
- Four separate shops returning $85,093.37 net pa + GST, with rental upside (3 upcoming market rent reviews)
- Excellent tenant mix with affordable well-presented tenancies
- Thriving Te Atatu Peninsula location with a growing affluence

This property offers many sought after investment fundamentals. Fully leased split risk income, popular and growing location, upside in the rental income, and a large freehold land holding with rear access, providing various re-development options and upside.

Sitting within a popular block of the Te Atatu Peninsula shops, these well presented tenancies offer a diverse mix of retail. This desirable property is underpinned by 1,229sqm of freehold land zoned Business - Town Centre (18 metre height limit). A strategic investment with significant growth potential.

Agency reference #: 1685908
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To be auctioned
570 Te Atatu Road, Te Atatu Peninsula, Waitakere City, Auckland
To be auctioned
Listed: Tue 24 Jul, 5:40 pm
Scott Kirk
Bayleys Real Estate Ltd MREINZ, Licensed Agent (REAA 2008)
  • Contact details
  •  (09) 3757495
  •  (021) 499661

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Agent's details

Scott Kirk
  •  (09) 3757495
  •  (021) 499661
James Were
  •  (09) 3756844
  •  (021) 740032
Bayleys Real Estate Ltd MREINZ, Licensed Agent (REAA 2008)
(0800) 2295397
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