• Existing 10 year lease from October 2019 plus 2 right of renewals of 5 years
• Returning a net rental of $73,027pa + GST with 2 yearly rent reviews
• Well-established convenience retail complex developed in 2012 by a reputable and experienced commercial developer
• Surrounding businesses include Carl’s Jr, Columbus Coffee, Jetts and Woolworths
Offered to the market is a secure retail investment underpinned by a long-standing tenancy, St Johns Liquor Centre. The premises has operated as a liquor retail outlet since 2012 and is on an existing 10-year lease from 2019 with further rights of renewal in place.
Liquor Centre - founded in 1992, is a recognised national franchise which is part of New Zealand’s largest liquor chain which, along with Liquor Spot, has over 230 stores across New Zealand.
The property has been held by the current owner since its redevelopment and has remained fully tenanted throughout. It comprises approximately 212sqm (more or less) of floor area and benefits from ample shared car parking within the complex.
Strategically positioned within the Merton East Retail Complex, the property is surrounded by established national and local operators including Carl’s Jr, Jetts Fitness, Columbus Coffee and Saint Johns Butchery, with Woolworths and Colin Maiden Park located directly opposite.
An affordable retail investment with an established tenant and favourable lease covenants – this is not to be missed.
