Colliers is proud to exclusively present Unit C, 19 Fair Mall, Otara for sale by Auction, held at Level 1, Colliers House, 52 Highbrook Drive, East Tamaki at 11am, Wednesday 21st July 2021 (unless sold prior).
This is a fantastic opportunity to add a proven income-generator to your investment portfolio.
The 108m² (more or less) retail unit is on the ground floor and has been occupied by a TAB and Gaming Lounge tenant since 2013.
The net rental income is $47,717.31 p.a plus GST and the tenant pays all operating expenses. The tenant has 6.4 years to run on the current lease with NEW two x five years of right of renewals – the new right of renewals as requested by the tenant shows their confidence in this busy location.
This property will appeal to all investors looking to secure a fantastic return with built in CPI increases and market rent reviews offering future upside.
The neighbouring property, Unit D, is also on the market with similar features – buy one or buy both.
Do not miss this opportunity - Call your sole agents today for more information.
Unit D Listing Link - https://www.colliers.co.nz/p-NZL67015437
Features:
- Net rental: $47,717.13 pa + GST
- 6.4 year lease-term
- Long-standing tenant
- 67% of the New Building Standard / Grade B seismic rating.
- Busy Town Centre with lots of parking
More information: https://www.colliers.co.nz/p-NZL67015436
