- For Sale
Situated on a prominent main arterial road in Albany, 8/252 Oteha Valley Rd is a high profile retail investment underpinned by a long lease with built in growth - this is a must see for all investors looking for a better return than the bank!
Tenanted on an 8 year lease term (from 2019) to Vila’s BBQ, the premises is currently returning $47,355 pa net. The lease is strengthened by a 3 month cash bond, plus 3% per annum growth, along with reviews to market throughout.
Commanding the corner position in the block of 9, this tidy investment will appeal to both first time investors, or those looking to add to an existing portfolio.
252 Oteha Valley Rd 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 immediate area is also very well supported by Westfield Albany and Massey University.
Established, quality investments in this entry level 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
Ref #: 20765348