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This quality and affordable investment is positioned amidst one of the North Shore’s best neighbourhood retail centres, at Hauraki Corner. This retail complex has long been a destination of choice for several quality, well-established retail brands. The opportunity now exists for an investor to secure a piece of the action. Owned by the current vendors for over 23 years with long-standing tenants both having renewed their leases, this represents great buying, standing on a Fee Simple land parcel of 240m² with two shops producing a net income of $85,000 per annum + GST.
Hauraki Corner's well-established retail centre stands as a vital local asset providing a quality mix of retail and service offerings to the large catchment of affluent residents as well as being the gateway to the Devonport Peninsula where the businesses enjoy massive exposure traffic counts in excess of 27,000 cars per day. With excellent customer car parking; it's no surprise these retail shops rarely turn over.
Suburban retail property such as this one typically remain tightly held for good reason, they cater to the constant demand for goods and services for the local communities they serve. This property, in such a well-established and sought-after location, is a rare opportunity that meets all the criteria for a quality investment, underpinned by excellent fundamentals and we look forward to your interest.
KEY FEATURES:
• Land area 240m² (more or less)
• Superbly located within Hauraki Corners retail centre
• Returning $85,000 per annum + GST
• Renewed long-term leases with future growth
• Ample and easily accessible customer car parking to the rear
• Longstanding, well-established and popular neighbouring businesses
• High exposure to significant traffic flows daily
• Motivated vendor willing to meet the market
Please feel free to contact the agents anytime for more information.