Entry level tenanted retail - Must be Sold!

This is an ideal first commercial investment property! Our owners are committed to another business opportunity and this must be sold!

The Victoria Park Market is one of Auckland's most highly sought after retail and hospitality locations offering a character and diverse retail experience. Home to over 60 Tenants, VPM is bustling with hospitality, boutique shops and both national and international brands.

Unit 13 which is available for sale by auction has a floor area of 45m² and new lease 3 + 3 year lease after the pop up tenant tested out the location for their business, securing a long term lease is a reflection of the great location and value the tenant sees in the area.

Features:
- New 3 + 3 year lease as of 1st Oct 2019
- Gross rental of $31,200 + GST
- Guaranteed rental growth each year
- Floor area of 45.1m² (more or less)
- 70% NBS rating

This is an ideal opportunity and at an affordable price for investors entering the commercial market and are wanting to achieve an actual return on their property investment.

For further information and to arrange a viewing contact the NAI Harcourts team.

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Main Property Features

Listing Number: NSC32943

Approx Floor Area:
45 sqm
Property Type:
Office, Retail
Approx Floor Area
  • Retail Square Metres: 45
Property Details:
Tenanted Investment
Tenure:
Unit Title
OPEX $:
6512
Legal details
  • Body corp fee $: 3871
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NAI Harcourts North Shore

Cooper & Co Real Estate Ltd

Licensed REAA 2008

4/128 Hurstmere Rd
Takapuna
Auckland
Office website or View office details

Property Location