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CAFE GOLDMINE IN THREE KINGS

985 Mount Eden Road, Three Kings

Retail Property
dollar

Negotiation

Floor area
271.6m2
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Property details

Listing # 88467 | Listed on 20 July 2022

Barfoot & Thompson has been exclusively appointed to market 985 Mt Eden Rd (also known as 1 Kimiora Street) in Three Kings, Auckland.

Centrally located and situated in the heart of Three Kings, this tenanted café benefits from easy access to nearby amenities - Three Kings School, local shops, supermarkets, and public transport are among the many nearby.

It is only 13.5km to the airport and 7km to the CBD, and close to Mt Eden Village. Fletcher Living is building more than 1,000 residential properties in the neighbouring site over the coming five to ten years.

The Just Like Martha café has signed a brand new six year lease with built-in rent growth on an annual basis. The experienced café operator has six successful cafes/restaurants in town and appreciates the central location and strong population growth over time.

KEY FEATURES:

  • Returning net $91,730 p.a. + GST
  • Brand new six year lease with RORs in place
  • Experienced and successful tenant
  • Total area 271.6m² (includes exclusive outdoor area)
  • Two allocated car parks
  • Modern fitout
  • Fantastic road frontage
  • High growth location

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