Returning $754,904 pa net + GST
Developed by the highly reputable Broadway Property Group, this high-performing asset is anchored by 14 tenants and returns $754,904 net per annum + GST. With a strong 6-year WALT and annual rental growth, this is a rare opportunity to secure a long-term, diversified income stream, in a high growth location.
The property comprises 1,338sq m of net lettable area on 1,798sq m of freehold land, split across two titles for future flexibility. Zoned ‘Neighbourhood Centre’ under the Auckland Unitary Plan, the centre further benefits from fixed annual or CPI rent reviews and a complimentary mix of tenants including a café, Pizza Hut, liquor store, offices, sushi store, takeaway’s, beauty services, bakery etc.