Albany - TENANTED RETAIL INVESTMENT WITH 6 YEAR LEASE

Price Auction
Location Unit G08, 1 Kaipiho Lane, Albany
Type Commercial & Industrial Retail to Buy
Floors 1
Floor Area 84 m2
Listing No # 82535
Listed 8/11/2019
Views 1

Description

Albany on Auckland's North Shore continues to grow, as well as the opportunities along with it.

Located on the ground floor of Ramada Albany is a fantastic tenanted retail investment. Ramada Albany has 66 serviced apartments and experiences fantastic occupancy rates, making the building a busy location. Next to the Albany Park & Ride plus near the Oteha Valley on and off ramps, this is a high profile site.

The unit is in good company including tenancies from the Coffee Club, Just laptops, a clothing store and a gym. The neighbouring apartment block OKLA is nearing completion and has sold 90% of the 117 apartments. This block is due for completion in 2020.

The unit has a total area of 119m² (including patio) and has an immaculate fitout by the current tenant.

This is an opportunity not to be missed - with interest rates hitting new lows, commercial property makes for a better return. Call Sole Agent, Brian Paulin today.

KEY FEATURES:

  • Tenanted retail investment
  • Rental $48,500 plus GST
  • Six year lease
  • Final expiry date 30 March 2032
  • Part of Ramada Albany
  • Great neighbours
  • Retail area 119m² (including patio)
  • For sale by auction - Thursday 5 December 2019

Contact our agent

Brian Paulin

M: 027 448 1321

Barfoot & Thompson Ltd (Licensed: REAA 2008) - North Shore

129 Hurstmere Road
Takapuna
AUCKLAND , 0622
RealEstate Agents contact details and original listing on www.realestate.co.nz -