Quality Retail Investment in Mt Eden, Auckland

Quality retail block in a good location are very hard to find.
This opportunity meets all the criteria of an excellent passive
retail investment.


The property comprises a large ground floor showroom unit held
in five separate retail tenancies forming part of a mixed use
commercial development with residential units on level 1. The
address of the property is 66 Mt Eden Rd, Auckland. The beauty of this
property is that it has a huge frontage onto the main road with
very little depth. It also has excellent car parking in front.
This is what retailers look for when renting premises. All the
tenants in the subject property are related to sports activities
and therefore enjoy some synergy.

The rent roll on the property is $353,592.75 pa. The rent is likely to
go up by another $18,429.29 with rent review on Shoe Science later this
month. There is also a rent review next year. The property was
valued last year at $5.2m. I have a copy of this report and will
be made available to a qualified purchaser.

The shops are on unit titles and the vendor is comfortable to
sell them individually. The prices for individual units will from
$750,000 upwards.

If you are looking for a quality retail investment then please
drive past and have a look. There are very few properties that
will match this for quality and location. Please register your
interest so that I can furnish you with additional information.
Look forward to hearing from you.

COLIN KUMAR
Commercial/Industrial
Barfoot & Thompson Commercial
m. 027 684 1114 | p. 09 358 0989 | f. 09 358 4048
PO Box 1798 . Shortland Street . Auckland City
c.kumar@barfoot.co.nz | www.barfoot.co.nz