• Recently enhanced, fully upgraded retail showroom/warehouse style building
• New 3-year lease to multinational tenant returning $183,221pa + GST
• Located in a tightly held, high-profile retail precinct, surrounded by established retailers including PAK’nSAVE and Chemist Warehouse
• Underpinned by 1,012sqm (more or less) land zoned for development up to 32.5 metres
• A hands-off investment or future land bank

This offering presents an attractive opportunity to secure a quality investment in one of Auckland’s most sought-after retail hubs. Recently refurbished to a high standard, the property now provides a high-profile retail/showroom fronting Apirana Avenue, with warehousing and office accommodation at the rear. The property benefits from a new 3-year lease to 99 Bikes, a leading specialist bicycle retailer with a growing network of stores across New Zealand and Australia.

Located nearby to the Pak’nSAVE supermarket, this position offers huge exposure to passing traffic and benefits from being a short walk to Glenn Inness Train station, providing direct connectivity to the Eastern Suburbs and Auckland CBD.

For investors, the combination of a trusted tenant covenant, refurbished and upgraded buildings, and strong underlying land value makes this a compelling long-term passive investment opportunity.