Impressive Split Risk Investment
28, Catherine Street, Henderson, Waitakere City
- Proposed Usage
- Floor Area
- 2370.00 m²
- Land Area
- 4497.00 m²
- Property ID
- Two (2) national bulk retail tenants who have been in occupation for ten (10) years
- Both tenants just renewed long term, currently returning $500,145.48pa net + GST
with built in rental growth
- Standalone building with a NBS rating of 100%
- Large prominent freehold corner site with circa fifty seven (57) onsite car parks
This substantial bulk retail investment offers passive investors a modern split risk opportunity with existing national tenants both renewing their leases confirming their commitment to the site.
The modern freehold standalone building constructed in 1991 provides versatile bulk retail space with good natural light. The building has been maintained, presents extremely well and is within walking distance to rail and bus networks.
This investment property has all the fundamentals with established tenants, well constructed building (A+ seismic grade), a superb corner location and future potential upside with the zoning allowing a mixed use redevelopment up to 72.5m.