Rārangi Hou
Located in the Red Hills Convenience centre, Zarah Nails and Beauty has occupied the space since 2021. Offering a range of nail and beauty services, they have attracted a strong cliental from the surrounding neighbourhood which has seen phenomenal growth over the last decade, and set to continue.
The modern complex was completed around 2017 and offers a wide double road frontage thereby ensuring all tenants are easy to find. With two entrance points to the site customers can hop in and out quickly taking advantage of ample onsite parking.
With a straightforward lease profile, this investment property is one worthy of your consideration. Take advantage of falling interest rates and secure this beautiful investment property now.
Phan Cao Gia Han trading as Zarah Nails & Beauty Salon
• Tenancy area: 128.8sqm (approximately)
• Initial lease term: Six (6) years
• Commencement: 01/07/2021
• Rights of renewal: 1 x 6 years, 2 x 4 years
• Rent review: Two yearly to CPI + 2% after the first market review except where there is a market review. Market review on 1 July 2023 and on renewal
• New renewal due: 01/07/2027
• Current rent: $45,000pa
Full documentation pertaining to this investment property can be accessed via propertyfiles.co.nz/1506505