State Owned Enterprise as Tenant
3/7, Maki Street, Westgate, Waitakere City
- Proposed Usage
- Floor Area
- 222.00 m²
- Auction Date
- 11:00 - Aug 02, 2017
- Property ID
- An attractive investment in the bustling Westgate Shopping Centre
- Strategic position in one of Auckland's major growth locations - Westgate
- Fully leased to a State Owned Enterprise providing an attractive cash flow of $112,513.00 + GST p.a.
- An affordable bottom drawer investment
This is an excellent opportunity to secure a proven performer in the heart of the Westgate Shopping Centre. Strategically located and surrounded by a number of household names, the property enjoys exposure to a large amount of foot traffic and destination shoppers looking for a one stop shop! Anchored by national tenant - New Zealand Post Limited, this property provides an attractive cash flow and is a fantastic addition to any astute investors portfolio.
Arguably one of the best attributes is the location in Westgate, one of three major urban developments currently underway in the Northwest of Auckland. Auckland Council estimates the first stage of the combined development centred around an exciting new metropolitan centre.
(Westgate), new schools, community facilities, open spaces, new roads and better transport links will generate 20,000 new jobs and 5,000 new homes.
The reason for the sale is due to the majority owning trust having vested on the death of the settlor last year, and so the assets of the trust need to be distributed to the beneficiaries.
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