Here is a tenanted investment property which is located in a quality modern building as part of a large convenience centre. The Foodmart tenant has occupied the space since 2017 and has fixed annual rental increases.
The space is modern and takes full advantage of the large and growing local population without any of the hassle of going to a large supermarket. The site has two entrances and offers plenty of convenient parking right outside the door. Additional secure space behind the complex is available for service deliveries, rubbish and staff parking.
Stock up on your returns, call us now to understand more and arrange an inspection of this easy, well positioned and affordable investment.
Redhills Foodmart Ltd trading as Three Brothers Foodmart
• Tenancy area: 178.21sqm (approximately)
• Initial lease term: Eight (8) years
• Commencement: 15/12/2017
• Rights of renewal: 3 x 6 years
• Rent review: Annual 2%, market upon renewal, or 2%
• New renewal due: 15/12/2025
• Current rent: $70,280pa
Full documentation pertaining to this investment property can be accessed via propertyfiles.co.nz/1506503