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  • Sold
Asking $1.575 mill - #1
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For Sale

$1,575,000 NZD

This high profile retail offering is the perfect bottom-drawer investment. A new 4 year lease is in place and the incoming owner will benefit from fixed annual growth throughout the lease term and right of renewal periods. 

It is currently returning $75,000 net p.a. and the total net lettable area totals some 241sqm. The building has had a bakery/hot food operator in occupation going on 15 years and will continue to serve the local area for years to come. 13 common area carparks are located directly outside, shared with the two neighbouring tenancies. The generic configuration of the building ensures it will have appeal to a wide range of occupiers in the event of needing to be re-let. 

It’s convenient position and ease of access is further bolstered by being situated right next to a busy, main arterial petrol station, adding additional foot traffic. Burswood Drive runs directly off Ti Rakau Drive in East Tamaki, and this particular building is highly visible to the thousands of cars which travel up and down it daily.  

Contact the sole agents today.



For those who have been granted access to Data Room for this listing, please click here to view the Data Room Documents.

Ref #: 20888790
  • 03/05/2022
  • Contact our experts for details on this transaction.