• Affordable modern investment returning $31,347pa + GST (net)
• Tenanted by an established Chinese restaurant on a three-year lease from September 2024
• Located in The Foundation - featuring a quality tenant mix including PopeyesChicken, Tank Juice, Snap Fitness and a range of Asian-themed businesses
An excellent opportunity to secure a well-located, affordable retail/hospitality investment in the heart of Albany. This 58sqm (approximately) unit is tenanted by Go Go Gyoza, an established restaurant offering a range of Chinese cuisine.
Comprising a three-year lease from September 2024 plus further right of renewals, the property benefits from two personal guarantees as well as a rental bond – providing investors with significant lease security.
Constructed in 2014, The Foundation is a prominent retail convenience centre situated on the corner of Oteha Valley Road and Appian Road. The development is strategically located close to Albany Lifestyle Centre/Mitre 10 Mega, Westfield Albany, KFC, Auckland Council offices, Sum Made Chinese restaurant, and other major amenities.
A clear instruction from the relocating vendor – this is to be sold.
Tenancy Details
Name of Tenant: Mr.Zhang Food & Beverage Limited
Term of Lease: Three (3) years from 15th September 2024
Net Rental: $31,347pa + GST
