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Trophy Retail Investment

5/270 Oteha Valley Road, Albany

Retail Property
gavel

Auction

Floor area
175m2
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Property details

Listing # NSC36537 | Listed on 13 April 2022

This superb tenanted investment opportunity ticks all the boxes for commercial investors.

Located in The Foundation Retail Centre, a sought after complex that boasts an excellent history of high occupancy with a number of long standing tenants and offers ample shared parking for all customers.

Properties of this calibre are tightly held and for good reason too. This is a prime commercial investment that you will be proud to own.

  • Returning $100,000 p.a + GST + OPEX
  • Current owner has occupied the property since completion in 2016
  • New 8 year lease with 1 x 8 years right of renewal
  • Strong lease and guarantees providing consistent rental growth
  • Annual fixed rent increases with market renewal every 4 years
  • Mixed use retail complex in high profile location
  • International restaurant brand with a long successful trading history

This unique opportunity is not to be missed, add this proven performer to your portfolio for long term hold.

Auction 1.00pm, Thursday 22nd July 2021, 128 Hurstmere Road, Takapuna (unless sold prior).

For more information and an appointment to view this property, please contact the sole agent at NAI Harcourts Cooper & Co today.

To download further information please copy and paste this link into your browser: http://www.propertyfiles.co.nz/property/NSC36537

NOTE: all outlines in images are indicative only

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