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Everyone always needs a pharmacy and now you can have your own. This modern retail space is located in a prime position at the top of Don Buck Road and Red Hills Road. With two entrances to the centre as well and wide road frontage and loads of parking, it is perfectly positioned to take full advantage of the large (and growing) local area.
The modern convenience centre was completed around 2017 and has enjoyed high levels of occupancy since then. The Pharmacy tenant has signed a long lease agreement with renewals and CPI based rental increases.
Lower your blood pressure with a straightforward bottom-drawer type investment.
Red Hills Ltd trading as Red Hill Pharmacy
• Tenancy area: 124.5sqm (approximately)
• Initial lease term: 10 years
• Commencement: 15/07/2020
• Rights of renewal: Three (3) x 10 years
• Rent review: Two (2) yearly to CPI + 1% from 2026
• New renewal due: 15/07/2030
• Current rent: $47,000pa
Full documentation pertaining to this investment property can be accessed via propertyfiles.co.nz/1506491