An excellent opportunity to lease a well-established supermarket in the heart of Mt Albert, positioned on busy New North Road with strong local patronage and excellent accessibility. Urgent action required and immediate possession available for an experienced operator!
The premises offers approximately 1,200m² of total floor area across two levels, comprising:
• Ground floor approx. 976m²
• Mezzanine approx. 225m²
The supermarket is well configured for immediate operation and includes several extensive cool rooms at the rear.
Within the premises, there is:
• A butcher shop with its own dedicated cool room
• A takeaway shop with existing extraction ducting, suitable for BBQ or other fast-food operations
The centre benefits from a strong tenant mix, including a chicken shop, seafood shop, two restaurants (one currently vacant and also available for lease), hair salon, and two educational providers located on the upper level. There are plenty of shared customer car parks, adding further convenience and appeal.
LEASE TERMS:
• Guaranteed lease term of four years, with a redevelopment clause applicable from year three, subject to 12 months’ prior notice
KEY MONEY:
• $200,000, covering existing equipment, including fridges, freezers, counters, racks, and associated fixtures
This is a rare opportunity to secure a large-format supermarket in a tightly held central suburb with established foot traffic and supporting businesses.
For further information or to arrange an inspection, please contact the sole agent today.
See this listing on Barfoot & Thompson
