- Passive retail investment with a new 6 year lease
- Net Return of $47,189 p.a. + GST
- New high spec build with extensive fit-out
- 89 shared car parks on-site
- Positioned on a busy road with good profile
- High yielding opportunity with motivated vendor
This well-presented retail unit located in the new 71 Jellicoe Road development presents an opportunity to secure a bottom draw investment in a high growth suburb.
Unit 21, 71 Jellicoe Road is for sale by way of Deadline Private Treaty closing 18th June at 4pm. The 86m2 unit is tenanted by a laundromat who has recently completed an extensive fit out which complements the developments high quality construction. There is a new and secure 6 year lease in place with rights of renewals. The site has 29 units total with current neighbours including a well-established Auckland watering hole, The Beer Spot, as well as other restaurants and office users.
The retail development provides excellent street frontage to a busy Jellicoe Road with three handy entrance points meaning easy access for customers. Panmure is an area poised for growth with a well-located town centre, strong public transport and road links to the wider Auckland region. The Tamaki Regeneration and $1.2 billion AMETI (Auckland-Manukau Eastern Transport Initiative) projects provide the forefront of this growth.
If you're looking for a high yielding passive investment, secure with a well-entrenched tenant, this unit provides it for new investors or will make a great addition to your existing portfolio. Call the Sole Agents today to book an inspection.
Ref #: 218244
- Contact our experts for details on this transaction.