- For Sale
Occupying 4,000sqm of business - mixed use land on the corner of Mount Wellington Highway and Waipuna Road (one of Auckland’s busiest intersections), this property is the definition of a superb all-round investment with significant long-term potential.
The split-risk tenancy includes income from convenience retail, quick service restaurants and childcare including well known and much-loved brands Tank, Zambrero, Sals Pizza, Liquorland, Oporto and Educare. The level of demand for each of the service lines remains extremely strong, due to the significant residential catchment, profile and easy access. Furthermore, a 12 month rental guarantee is available upon request, making this an investment offering not to be missed!
The building is setback from the road giving tenants excellent exposure whilst providing ample parking (57 spaces). Just 500m from Sylvia Park Shopping Centre and directly opposite a well-established Countdown (owned by NZ property listed fund Stride), the property benefits from high levels of commuter and foot traffic. Furthermore, there is easy access to the Sylvia Park train station (providing commuter services between Britomart and Papakura via Glen Innes) and the SH1 and the South Eastern motorway on ramps.
Lastly, and with a nod to the future, this is the only genuine long term mixed-use development site between Sylvia Park and the Ellerslie-Panmure Highway.
Call the sole agents for more information and viewing times.
Ref #: 218216