Tenanted Retail Investment

• Lease commenced from 01 Oct 2007

• Lease term: three years from 01 April 2018

• Rights of renewal: Three (3) years plus three (3) years

• Final Lease Expiry Date: 31 March 2027, if ROR exercised

• GV: $500,000 (1 July 2017)

• Zone : Business Light Industry Zone

• 100m² of retail shop tenanted investment

• Annual rent income: $36,409 + GST & all outgoings

• 12 Stores running nationwide

• Building IEP 100% NBS (A+)

Henderson is a major suburb of Auckland and one of Auckland’s fastest growing suburbs. It is located 13 kilometres to the west of Auckland city centre.

This prominent block of retail shops occupies a high profile position on Lincoln Road and is one of the closest retail blocks to the North Western motorway. Over recent years, the heavy traffic flows that Lincoln Road carries, in conjunction with a sizeable and growing residential population, has prompted significant retail development in this area.

This Retail Centre comprises convenience retail development with great exposure and car parking. The subject property is located in the middle of all trades, residential and commercial properties. Surrounded by local retails, cafes, restaurants and banks. 

Situated in the West Auckland suburb of Henderson this tidy retail unit, occupying a high profile Lincoln Road position represents a fantastic investment opportunity for an entry level investor or an addition to an existing portfolio. The tenant has been in occupation for over ten years and has occupation rights through to 2027 (subject to renewals being exercised).

The area is undergoing significant residential and commercial growth as a result of its convenient location in relation to Auckland's motorway networks. The property is well positioned to benefit from this growth given its locality and with build cost of comparable properties setting new benchmarks makes for an affordable sustainable return.

Call the Sole Agents today to discuss.    

David Han 데이빗 한 (021-4989-24) 

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Bayleys Commercial North Shore (Kakao talk: david8255) 

Retail, Commercial, Industrial, Investment and Business sales

D +64 9 489 0976| M +64 21 498 924| F +64 9 489 0990 | www.bayleys.co.nz