Two Individual Retail Investments

Units, 11 & 13, 175 Millwater Parkway, Silverdale, Silverdale, Rodney

Auction

Proposed Usage
Office
Floor Area
104.00 m²
Description:
Property ID
1bzmm8n



Perfectly positioned right in the heart of Silverdale’s rapidly developing Millwater Estate,  the opportunity to acquire two near new retail investment developed by reputable Broadway Property Group. 

Unit 11 is leased to The Barbershop Co and Mike Pero Real Estate.

The Barbershop Co is one of 12 under the brand. The lease had an initial term of 6 years plus 2 further terms of 3 years.   

Mike Pero Real Estate is owned and operated by Grayson & Sarah Furniss. The lease has an initial term of 6 years with 2 further rights of renewal of 3 years. Tenancy R11 & 11a is located on the Bankside Street end of the development which has fantastic exposure to the main intersection with a total area of 104m².

The combined annual return for both tenancies is $43,842 + GST.

Unit 13 is leased to Jetts Fitness, with 56 branches across New Zealand over 100,000 members with thousands more joining every month choose Jetts. The Millwater branch occupies tenancy R13 & R14 with a combined area of 321m² and  have an 8 year lease which commenced 11 February 2015 with 1 further right of 7 years. 

This high quality commercial development ‘Millwater Central’ offers a complimentary tenant mix including real estate agencies, several medical tenants, a veterinary clinic, various eateries, a convenience store as well as other professional services.

If you have any questions or would like further information, please contact either of the Sole Agents; Euan Stratton (0275807439) Matt Prentice (021464904) or Shoneet Chand (021400765).

Download secure documents here: http://www.colliers.co.nz/109964

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Silverdale Area