Occupy with Income or Split-Risk Investment

Unit, 42, 177 Millwater Parkway, Silverdale, Rodney

Price On Application

Proposed Usage
Floor Area
172.82 m²
Property ID

The last unit available in this high quality mixed-use development from the reputable Broadway Property Group.

The complex is located at the heart of Auckland’s most popular new community, Millwater, and incorporates 12 ground level retail tenancies and 37 Terraced homes. Being surrounded by thousands of new high density homes and situated directly in front of sports fields, walking tracks and consistently growing infrastructure, the location is prime.

This 172.82sqm unit has been split into two road-front retail tenancies of 108.11sqm and 64.71sqm respectively. The 108sqm tenancy has been leased to ‘Invive Spa’ with the 64sqm space remaining vacant with potential underwrite options for investors. 

‘Invive Spa’, a modern beauty spa, commenced a 6 year lease term in July 2017, with rights of renewal to follow, taking the lease through to July 2028. This space is returning $43,244 pa net + GST with a Guarantor in place.

The key to this opportunity is in the 64sqm vacant retail space as it offers unrivalled flexibility for investors or owner occupiers. This offering gives purchasers the ability to occupy the vacant space with an additional income source, or investors the opportunity to own a split-risk investment.

The investment is being sold by way of Deadline Private Treaty closing 4pm, 28th March 2018 (unless sold prior).

Call the Sole Agents for further information.

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Silverdale Area