Prime retail investment in Albany

1/21, Corinthian Drive, Albany, North Shore City

By Negotiation

Proposed Usage
Retail
Floor Area
450.00 m²
Description:
Property ID
1c10z8r

- The property comprises approximately 450sqm retail and a 70sqm covered terrace
- Located in the biggest new retail development on the North Shore
- Surrounded by a wide range of well-known tenants
- Supermarket as the anchor tenant

Situated in the heart of Albany, this high-exposure retail complex enjoys triple frontage facing Albany Highway, Corinthian Drive, and Data Way. The busy centre is surrounded by a wide range of well-known tenants, including ASB Bank, Westpac Bank, Mitre 10, Olympus, McVeagh Fleming, Lion Foundation, Peter Baker Transport, and Kids Cove Childcare Centre. Massey University is situated within 5 minutes walking distance across the Albany Express Highway, Albany Westfield Mall, Albany Mega Centre, North Harbour Stadium, Park and Ride Bus Station are all nearby.

The property comprises approximately 450sqm high stud retail as well as a 70sqm covered terrace. It has been leased to a supermarket as the anchor tenant of the retail centre, with an eight year lease, returning $260,000pa + GST and OPEX. The tenant has also provided a bond guarantee, in addition to personal guarantee.

Floor Area: 450sqm (approximately)
Zoning: Business Park Zone

Name of Tenant: Albany Supermarket Limited
Term of Lease: Eight (8) years
Commencement Date: 28th August 2017

Deadline Private Treaty (unless sold prior)
4pm, Thursday 8th March 2018
29 Northcroft Street, Takapuna,
Auckland, New Zealand.

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Albany Area