This superb property has approximately 338.5m² of lettable area and has been divided into two retail spaces.
Tenancy one: 106m² currently leased to a Japanese restaurant with a rental of $35,000 p.a. + GST.
Tenancy two: 233m² newly leased to a South African grocery operator with a rental of $65,000 p.a. + GST.
The combined passing income is $100,000 p.a. + GST.
The property is prominently located within the Highland Park commercial precinct and benefits from the vibrant surrounding residential communities. Located in close proximity to major arterial routes, with one of the highest traffic counts in New Zealand and near anchor businesses such as PlaceMakers, Caltex station, Burger King, Coffee Club, Jetts Fitness, Work and Income, Asian supermarkets, etc.
KEY FEATURES: • 338.5m² retail space • Split risk investment • Strategic location • Ample car parking • Combined income of $100K p.a. + GST
For further information or to arrange a viewing, contact the sole agent: