For SaleAuction 1st Jan 1970
Situated within a modern complex on a prime corner site in Albany, is this established Bakery investment we are now exclusively marketing for sale. Sunrise Bakery has been trading since 2016 when the quality complex was completed. They are currently paying $45,567 pa net and are part way through a new 8 year term from May 2016. The lease offers 3% per annum rental growth, as well as market reviews and is supported by a 3 month bank guarantee.
252 Oteha Valley Road is a high quality, modern retail development strategically positioned at the entrance to Albany City metres from the Northern Motorway. It is located beside the Albany Park & Ride, Caltex Service Station, Carl’s Jr & KFC. On the same stretch of Oteha Valley Road is the Mitre 10 bulk retail development as well as the North Harbour Stadium (QBE), More FM Tennis Centre and the Albany Stadium Pool. The site is positioned at the entrance of the Albany City Development which is expected to contain Apartment Buildings, Retirement Homes, and Office Towers among many other significant developments. The immediate area is also very well supported by Westfield Albany and Massey University.
Established, quality investments in this affordable dollar bracket are a rare offering on the North Shore – call the Sole Agents now for further information or to register your interest.
Matt Prentice 021 464 904 | Shoneet Chand 021 400 765 | Mike Ryan 021 402 461
Ref #: 215657
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