• Net rental of $115,817.30pa + GST from four (4) established tenancies
• Four (4) tenancy retail block with favourable lease terms and a WALT of 3.92 years
• 400sqm (more or less) freehold corner site with strong exposure and frontage
This is an opportunity to acquire a neighbourhood retail investment underpinned by diversified income, strong cashflow, and a freehold land holding in an established yet growing East Auckland suburb.
The property comprises a single-level retail centre with four (4) individual tenancies, generating a combined net rental of $115,817.30pa + GST, with approximately $7,000pa + GST in management recoveries. The tenancy mix spans hospitality, a laundromat, personal services, and food and beverage, delivering a balanced and resilient income stream well suited to private and long-term investors.
The property enjoys prominent exposure to both Ussher Place and Gossamer Drive, with approximately 15 metres of frontage to Ussher Place and 29 metres to Gossamer Drive. The building provides approximately 245sqm of net lettable area and includes three (3) on-site car parks supporting tenant accessibility and amenity.
