Golden retail investment in the heart of Albany

7A and 7B/21, Corinthian Drive, Albany, North Shore City

Auction

Proposed Usage
Retail
Description:
Property ID
1c10z8s

- Located in the biggest new retail development on the North Shore
- High-exposure retail complex facing Albany Highway
- Option to purchase one or both
- Long-term lease tenant
- Multiple site access

Claimed to be the biggest food and beverage precinct on the North Shore. Prior to completion of this modern centre, all units have been leased to an attractive mix of food and beverage, and service retail businesses. Each shop has plenty of profile with signage above.

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.

Unit 7A and 7B are situated right at the strategic corner position at the main entrance of Orchard Park Retail Hub, with immediate access to common car parks.

Floor Area: 7A - 87sqm; 7B - 76sqm (approximately)
Zoning: Business Park Zone

Name of Tenant: 7A - DSX Limited; 7B - Unique Entertainment Holding Limited
Commencement Date: 10 years; five (5) years
Rights of Renewal: Two (2) x three (3) years; two (2) x five (5) years
Net Rental: $53,672pa + GST and OPEX; $45,000pa + GST and OPEX

Auction (unless sold prior)
11am, Wednesday 7th March 2018
Bayleys House, 30 Gaunt Street,
Auckland, New Zealand.

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Albany Area