• Approximately 370sqm prominent corner site
• Bar and restaurant returning $158,620pa + GST and outgoings
• Long term and secured lease, steady rental growth
This property enjoys a prime location on Ti Rakau Drive, offering excellent visibility and benefiting from the traffic flow connecting East Auckland suburbs such as Pakuranga, Botany, and Howick. Situated on the outskirts of the East Tamaki industrial area, it also provides convenient access to motorway interchanges and major arterials. The strategic positioning of the property ensures close proximity to a wide range of community amenities and easy connectivity to neighboring commercial and residential areas.
Presently, the property is leased to Metro Bar & Restaurant, an establishment known for its modern european style. With almost 30 years of operation, Metro offers a diverse selection of beverages, a gaming lounge, delicious food, bar snacks, jukebox entertainment, and venue rental for functions. The lease agreement spans 15 years with a right of renewal for an additional 10 years, ensuring a guaranteed rental increase and a market review every five years. The lease is backed by a rental bond and a personal guarantee, providing confidence to potential buyers.
Please note: Boundary lines are indicative only