This well-presented retail unit located in the new 71 Jellicoe Road development presents an opportunity to secure a bottom draw investment in a high growth suburb .
Unit 10, 71 Jellicoe Road consists of a 75m2 retail unit tenanted by ‘Khanz’ takeaway, who has recently completed an extensive fit out which complements the retail developments high quality construction. There is a new 5 year lease in place returning $39,000 p.a.+ GST with rights of renewals & CPI rent reviews dates fixed into the lease. The site has 29 units in total with neighbouring tenants such as The Beer Spot, Family Doctors as well as many other restaurant and office users.
The retail development provides excellent street frontage to the busy Jellicoe Road with three handy entrance points meaning easy access for customers. Panmure is an area poised for growth with a well-located town centre, strong public transport and road links to the wider Auckland region. The Tamaki Regeneration and $1.2 billion AMETI (Auckland-Manukau Eastern Transport Initiative) projects provide the forefront of this growth.
If you're looking for a high yielding passive investment, this unit provides it for new or seasoned investors & will make a great addition to your existing portfolio.
This vendor is prepared to meet the market & wants to sell!
Call the Sole Agents today to book an inspection.
Features:
* Passive retail investment with new 5 year lease fixed with ROR's & CPI rent review dates.
* Net Return of $39,000 p.a. + GST
* New high spec build with quality fit-out
* 89 shared car parks on-site
* Positioned on a busy road with good profile
* High yielding opportunity with motivated vendor