RIPE FOR THE PICKING

A/20, Wainui Road, Silverdale, Rodney

Auction

Proposed Usage
Retail
Floor Area
300.00 m²
Description:
Property ID
1c1kxgz

Road front tenanted retail investment in popular convenience retail centre in the busy Silverdale Town Centre. Built in 2013, this 5 year old purpose built Fruit, Vegetable and Convenience Grocery store is offered to the investment market. Currently returning $94,000.00 per annum plus GST (net) with approximately 2.8 years to run on its initial 8 year term. The lease includes a market review this year and personal guarantees.

The unit itself benefits from tilt slab construction and approximately 300m² of space incorporating open plan retail, suspended ceilings, small management office, amenities and a rear goods loading area serviced by a roller door. Two allocated exclusive staff car parks and ample communal customer parks in the front of the tenancy of convenience and function for shoppers and staff.

A mixture of quality neighbours are located within the development including ASB Bank, Nandos, Westpac, Burger Fuel and Sals Pizza all serve to underpin the location.

Silverdale as a location is undergoing significant development and is one of New Zealand's fasted growing areas helping to further serve the customer base. Wainui Road is a major arterial feeding the Silverdale town centre, new Highgate Industrial estate and the rapidly expanding Milwater residential area.

Offered to the market by way of Auction, the vendors instructions are clear to sell this excellent passive investment, please call either of the agents for a full Information Memorandum and to arrange inspection which is highly recommended.

KEY FEATURES:
• Floor area 300m² (approx.)
• Two exclusive car parks, numerous communal customer parks
• Rear goods loading and access
• 8 Year lease to expire 1 December 2020 (via Assignment)
• Final expiry (if renewals exercised) 30 November 2028
• Tilt slab construction, only 5 years old
• Returning $94,000.00 net rental per annum
• Superb location and complementary tenants within the development

Enquire about this property

Silverdale Area