ENTRY-LEVEL RETAIL INVESTMENT
4, 5 and7/27-33, Mokoia Road, Birkenhead, North Shore City
- Proposed Usage
- Floor Area
- 59.00 m²
- Auction Date
- 11:00 - May 17, 2017
- Property ID
- Three separate freehold strata units for sale - buy 1, 2, or all 3!
- Located next to the Highbury Mall pedestrian entrance on Mokoia Road
- Split risk investment with multiple tenant portfolio and a vacant shop
- Affordable retail investment in the heart of Highbury with high traffic exposure
The investment represents a fantastic opportunity to acquire two units with established tenants consisting of a dry-cleaner and kebab takeaway. A third vacant unit provides an owner occupier or add value option for the successful purchaser.
Birkenhead Town Centre has undergone significant rejuvenation in the past few years as a result of a robust zoning overhaul and council investment into new projects such as the Le Roys Bush,with cafes and a library within close proximity to the property. With established tenants and value to be added through future growth, this is a rare opportunity to secure an affordable investment in the heart of Birkenhead.
The kebab takeaway and dry-cleaning business are currently returning $24,000 + GST and $18,942 + GST respectively. The kebab takeaway has a lease term of 5 + 5 + 5 with a commencement date of the 8th of April 2015. The dry-cleaners has a lease term of 2 + 2 +2 with a commencement date of the 1st of October 2016. Full tenancy details are available upon request..