A brand new split-risk retail investment with locked-in rental growth is for sale in the heart of one of Auckland’s fastest-growing communities. The fully tenanted freehold development at 1047-1049 Coatesville Riverhead Highway, Riverhead, is being marketed for sale by deadline private treaty through sole agency Colliers International.
The property is in two freehold titles that can be purchased separately or as one investment, making it attractive to family trusts and other private investors. These titles both offer long-term leases, fixed rental growth, proven tenants with strong trading histories, and strategic landholdings in a superb location
The offering is destined to become the new heart of Riverhead – one of the key areas earmarked for urban expansion in Auckland’s rapidly growing northwest.
The property will be anchored by a cafe, bar and restaurant business. The remaining three tenants will be a convenience store, Chinese takeaway restaurant, and boutique independent wine shop.
The construction and landscaping is already complete, and the first tenants are due to open for business next month. There are no other retail developments in Riverhead at the moment, making this an unmatched opportunity to secure an investment serving an expanding population.
Talk to us today to find out more about this exceptional opportunity to capitalise on the northwest’s rapid growth.