Introducing 940E New North Road, Mount Albert — a premium, fully tenanted retail investment in a sought-after retail and hospitality precinct.
Leased to popular eatery Downlow Burgers on a secure 6-year term, this property offers a favourable lease structure that will appeal to both first-time commercial investors and/or seasoned investors looking to add to their existing portfolio.The premises comprise approximately 86m² (more or less) of floor area and include three dedicated car parks. Currently returning an annual rental income of $39,520 net p.a+ GST, this is a low-maintenance investment with strong, consistent returns.
With a reliable tenant and a prime location, this is a rare opportunity to secure a well-performing asset in a central location. Ideal for investors seeking stability, growth potential, and immediate income.
The property is located within Auckland's Mount Albert, which has a strong sense of community, a mix of residential and commercial property, and an easy access to local amenities including cafes, markets, green spaces and the notable Mount Albert itself. The property is located within Mount Albert shops and is within walking distance of the public train station, and just 10-15 minutes drive from State Highways and the CBD.
Contact the sole agents today for further information or to arrange a private viewing.
Features:
- 6-year lease to Downlow Burgers
- Returning $39,520 net p.a + GST
- 86sqm floor area
- 3 exclusive car parks
- Road front profile - sought after location
- Favourable lease structure - fixed annual increases
- Recently refurbished
More information: https://www.colliers.co.nz/p-NZL67034434
