Bottom drawer trophy investment in high profile location
This a rare chance to add a trophy commercial investment to your portfolio. An established tenant who have just renewed the lease of the premise that they’ve been in since 2011, and requested rights of renewal through to 2041. Animates, founded in Christchurch in 1995, has 48 stores throughout NZ and is a dominant player in the pet, pet care, and pet wellness industry, which as an industry is valued in New Zealand at over $2.5b annually, with annual growth of 5-8%.
Modern construction, freehold title, national brand tenant, 3% annual increases, a renewed net lease, and tenant rights through to 2041 complete this trophy offering.
Features:
* Renewed five (5) year term
* ‘A’ grade seismic rating
* High profile location
* Modern construction
* National brand tenant
* Lease through to 2041
