• Established tenanted investment positioned on busy Great North Road

• Leased to The Crown Sports Bar occupying a five year lease from September 2018 with rights of renewals in place

• Returning approximately $135,934pa plus GST and outgoings

• Close proximity to State Highway 16, key public transport networks and strategically positioned amongst well known national and international tenants

Offered to the market is an entrenched tenanted investment situated in a fundamental commercial complex in Pt Chevalier that houses the likes of Burger Fuel, Bakers Delight, Shosha, Local Butcher and more. The tenant, The Crown Sports Bar occupies a 193sqm (more or less) site on a fiveyear lease term from September 2018 with rights of renewals in place. Currently returning $135,934pa (approx.) plus GST and outgoings, and houses eighteen gaming machines generating further income. The unit has been occupied as a bar for over fifteen years showing strength and stability.

Located in the city fringe suburb of Pt Chevalier, the property enjoys road front exposure to Great North Road and positioned strategically amongst key amenities and arterial routes. The property forms a block of eight units with established occupiers. The site also houses ample car parking for all with a bus stop right outside the front of the property.

This property presents a perfect opportunity for investors and astute investors wanting to further diversify their portfolio.

For a virtual tour of 1114 Great North Road please refer here: https://my.matterport.com/show/?m=ayqSAaw4aeL

For further information, contact the SOLE agents today

Tony Chaudhary

021 995 121

tony.chaudhary@bayleys.co.nz