Platinum Partner
Listing Description
Listed: Wed, 16 Aug
YOUR HIGH YIELD RETAIL INVESTMENT STARTS HERE!
14/96 Rosedale Road, Albany, North Shore City, Auckland
Details
| Attribute | Value |
|---|---|
| Property use | Retail |
| Agency reference | 90435 |
| Apply Online | http://www.tmsandbox.co.nz/Browse/Jobs/ApplyOnline.aspx?mode=apply_online&referenceId=2149554498&sellerId=0 |
Description
We are excited to present this investment opportunity that's now available for purchase. A corner retail site located in the bustling Rosedale Retail Centre on the North Shore. This prime location offers exceptional advantages for businesses seeking a strategic position.
First and foremost, the property is conveniently situated in close proximity to the State Highway 1 interchange, ensuring easy access and high visibility for customers. Additionally, it enjoys a desirable location within walking distance of both residential and commercial precincts, guaranteeing a steady stream of potential patrons.
What makes this investment even more enticing is the established tenant currently occupying the space. With a lease in place until review in 2026 and one further right of renewal until 1 May 2030, you can enjoy the security of a consistent income stream. The tenant is a popular Asian bakery that currently returns $50,000 + GST per annum net rental income, with CPI review dates in May 2025 and 2028. Purchase with a yield at 5.5% or above.
The property itself offers a generous floor area of approximately 72m² on a Stratum in Freehold title, providing ample space for your restaurant or bakery business to thrive. In addition to the indoor area, there is also an enclosed sun terrace facing the reserve, allowing for outdoor seating and enhancing the overall appeal of the establishment.
As part of the Rosedale Retail Centre, your business will be surrounded by a vibrant community of tenants. This major retail development boasts two supermarket anchor tenants as well as a diverse range of restaurants, retail shops and service providers. With such a thriving environment, your business will benefit from increased foot traffic and a built-in customer base.
Don't miss out on this incredible investment opportunity. Take advantage of this chance to become a part of the Rosedale Retail Centre and invest in the future of your business. Contact us today to learn more and seize this opportunity before it's gone.