East Tamaki, 3/272 Ti Rakau Drive NSC35524

Your chance to grab this ultimate investment!

- New 15+10 year lease with strong tenant guarantee
- Unbeatable corner site location with 20 car parks
- Established tenant with diversified income
- Returning $154,000+GST+Outgoings, with guaranteed rental growth

Positioned on the corner of Ti Rakau Drive and Burswood Drive, the property is situated at the gateway to the established East Tamaki industrial area and South/East suburbs of Auckland. A true prime "easy mode" location for any business. The property occupies a ground floor retail area of approximately 370m², with 20 exclusive car parks.

The bar and restaurant has been established for almost 30 years with a diversified income source, including a much sought after 18-machine gaming lounge license which is now difficult to obtain. There is a new 15 year lease with a 10 year right of renewal and bank guarantee.

This investment ticks all the boxes! Astute investors will appreciate the features and lease terms offered by this high profile corner positioned property, much better than the cash in the bank!

For more information and an appointment to view this property, please contact the agent at NAI Harcourts Cooper & Co today.