Secure this stable investment opportunity

1/586, Great South Road, Manukau, Manukau City

Price On Application

Proposed Usage
Retail
Floor Area
450.00 m²
Description:
Property ID
1bzmwjf

- Secure an investment property with stable growing income
- 6.3% net yield return
- Net rental income of $100,440 P.A + GST + Outgoings
- 2 yearly market rent review starting from 1 st Sep, 2018
- Long lease term of 8+8+8 from 1 st July 2010
- Business mixed-use zone (Auckland Unitary Plan)
- Located on the corner of Great South Road and Puhinui Road, central Papatoetoe
- Approx. 6 mins driving distance to Centre Manukau shopping mall
- Easy access to Southern Motorway and Auckland Airport
- Floor area of 450sqm Approx. plus 20 shared car parks

Contact Millie Liang the #1 deal maker with confidence in your preferred English, Mandarin or Cantonese language via millie.liang@bayleys.co.nz or txt +64 21 968 128 or alternatively Wechat:millieliang168 for further information and to arrange an appointment to view.

About the property:
The property is located in the centre Papatoetoe with Great South Road frontage. The well-established tenant 'Alamo Bar & Grill' started trading over 7 years from 2010. It has just renewed a new 8-year lease. The tenant also operates 20 licenced Gaming machines onsite. This affordable investment offers good holding return with potential growth.

If the current listing does not meet you leasing or investment requirements, let Millie know your requirements, budget, location and ask her about properties in the process of being listed, available shortly or that owners prefer not to advertise publicly. To quickly view a selection of properties for lease or sale and businesses and franchises for sale by Millie Liang visit: https://goo.gl/7vh0Ss. .

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Manukau Area