A/234 Archers Road, Wairau Valley, North Shore City, Auckland

A/234 Archers Road, Wairau Valley, North Shore City, Auckland Split-risk investment

• Two major national tenants with eight-year lease terms

• Total net rental $268,640 pa + GST and outgoings

• Built-in rental growth throughout the lease terms

• 18 exclusive on-site car parks

Excellent split risk investment opportunity fully leased to Bargain Chemist and Snapfitness both on eight-year lease terms returning $268,640pa + GST and outgoings. This prime location offers road frontage onto busy Archers Road in the heart of Wairau Valley. Archers Road is one of Wairau Valley's busiest arterials near State Highway 1 motorway interchanges and is within proximity to Takapuna's CBD. The immediate area enjoys a high-volume traffic flow with a substantial commercial catchment and an extensive residential population base. The property neighbours NZ Safety, Bunnings Warehouse, Mitre 10 Mega and PAK'nSAVE. This opportunity is a must for all investors to secure a hands-off investment in this sought-after location. With low vacancy rates Wairau Valley has remained tight and has been consistent a low levels for a long period of time.

For sale by negotiation, the vendors are willing to consider a part trade as well as vendor finance.