Westgate Lone Star – New 12 Year Lease!
U1,, 575 Don Buck Road, Westgate, Westgate, Waitakere City
Price On Application
- Proposed Usage
- Floor Area
- 506.00 m²
- Property ID
Enquire about this property
Located at the northern end of Don Buck Road and only metres from new major commercial and residential developments, this is an exciting, brand new, passive investment opportunity in New Zealand’s fastest growing region.
Lone Star is an iconic New Zealand brand, first established in 1988 and now with 28 locations throughout the country. Supporting this already popular restaurant, is a retail development comprising of five other tenancies including a Childcare Centre, Dentist, Bakery, Sals Pizza, and Barber. This quality development was completed by Frontier Properties Ltd who have completed many similar, developments across Auckland in recent years.
Returning $221,750 pa + GST + OPEX on a brand new 12 year lease to Lonestar with 2 further rights of renewal of 6 years each, the lease also features fixed annual rental increases as well as Personal & Bank guarantees. Lonestar occupies a total net lettable area of 506m² and benefits from the common car parking situated directly at the front of the tenancy.
Supremely positioned within an exciting, high growth location backed by an established national brand adds up to a truly exceptional investment opportunity which will be an ideal fit for your portfolio.
Call the Sole Agents now for further information or to register your interest.