This is a chance to secure a modern investment property with an established tenant. Located on a wide corner site in Auckland west suburb of Massey, the location offers the wide residential neighbourhood a convenient range of retail options including food, medical, fruit and vegetables, laundromat, bakery and more.
This unit is 79sqm in size and is well positioned for easy access to customers. There are two entrances to the complex and plenty of parking. The tenant has been in occupation for over two years and serves popular fusion Indian/Nepalese cuisine. The experienced operators are fully licenced and have two other sister restaurants in New Lynn and Warkworth.
The lease offers rights of renewal and CPI rent reviews for ease of management. In an affordable price range, this property will be an ideal bolt on to your existing portfolio, or would suit a new investor into the market.
Moon Knight Indian Cuisine
• Tenancy area: 78.96sqm (approximately)
• Initial lease term: Four (4) years
• Commencement: 28/08/2022
• Rights of renewal: 2 x 2 years
• Rent review: 2 yearly CPI (capped at 4%), market upon renewal (not capped)
• New renewal due: 28/08/2026
• Current rent $36,400pa
Full documentation pertaining to this investment property can be accessed via propertyfiles.co.nz/1506487