Colliers are pleased to exclusively offer to the market 198-200 Dairy Flat Highway which is a recently refurbished, high profile investment in one of Auckland’s highest growing regions.
Returning $378,817 pa net, this exceptional retail investment features a wide range of tenants including a House of Travel, Reformer Pilates, and the popular GAO Asian Fusion Restaurant. The standalone 774sqm building, with full drive round access is currently divided into five retail tenancies a loading dock and four lower-level storage units. The leases predominantly offer fixed 3% or CPI annual rental growth, as well all leases having a final expiry by 2034, making this proposition ideal for a future developer or add value investor.
Featuring 4,548 sqm of Local-Centre Zoned land, the property is positioned on a prime corner of two main arterials, Oteha Valley Road and Dairy Flat Highway. The highly exposed site benefits from thousands of cars passing daily and an established local catchment.
This one must be seriously considered - contact either of the sole agents for further information or to arrange a time to view.
Shoneet Chand 021 400 765, Matt Prentice 021 464 904 and Jack Tuson 027 448 1148
Features:
- Returning $378,817 pa + GST & OPEX
- Five retail tenancies plus storage income
- Predominantly fixed annual rent increases
- Prime corner position on 2 main arterials
- 774 sqm NLA + Storage units
- 4,548 sqm Freehold title
- Town Centre Zoning
- All leases have final lease expiry by 2034
More information: https://www.colliers.co.nz/p-NZL67034321
