400sqm
floor area
Anchor tenants | Tenant that has been in occupation since development construction in 2014 |
Lease term | Long term lease with excellent rental growth |
Location | Immediately adjacent to the East Coasts Bays largest supermarket |
Passing income | Returning a net rental of $143,628pa + GST and outgoings |
• 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.
Licensed under the REA Act 2008
Mobile: +64 21 182 3085 |
Office: +64 9 489 0963 |
michael.nees@bayleys.co.nz |
Licensed under the REA Act 2008
Mobile: +64 21 711 755 |
Office: +64 9 489 0988 |
ranjan.unka@bayleys.co.nz |
400sqm
floor area
Anchor tenants | Tenant that has been in occupation since development construction in 2014 |
Lease term | Long term lease with excellent rental growth |
Location | Immediately adjacent to the East Coasts Bays largest supermarket |
Passing income | Returning a net rental of $143,628pa + GST and outgoings |
7/26 Anzac Road, Browns Bay
Open in mapLicensed under the REA Act 2008
Mobile: +64 21 182 3085 |
Office: +64 9 489 0963 |
michael.nees@bayleys.co.nz |
Licensed under the REA Act 2008
Mobile: +64 21 711 755 |
Office: +64 9 489 0988 |
ranjan.unka@bayleys.co.nz |
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