C/4 Arrenway Drive, Rosedale, North Shore City, Auckland

C/4 Arrenway Drive, Rosedale, North Shore City, Auckland RETAIL INVESTMENT OPPORTUNITY

This property was built in 2004 and comprises a total floor area of 170m² as well as seven car parks (four owned and three leased). The lease has been assigned to Nuna North from March 2020 - a popular Korean restaurant that is also operating at 470 Queen Street in Auckland CBD.

KEY FEATURES:

• Built in 2004, with an IEP rating of 100% NBS reported in 2016

• Two Right of Renewal dates - 31 July 2025, 31 July 2029

• Final lease expiry date - 30 July 2033, if two RORs exercised

• Rent review - fixed 3% increase annually

• Net rent - $66,000 plus GST from 31 July 2020

• $67,980 plus GST from 31 July 2021

• $70,019.40 plus GST from 31 July 2022

• Bond - one month of rent plus GST

• All outgoings are paid by the tenant

• GV $1,050,000

Contact the sole agent today for more information and to view.

See this listing on Barfoot & Thompson