Colliers is pleased to present Units 12 & 16, 170 Wairau Road to the market for sale.
Returning $455,146 pa net, this long-term, bottom-drawer investment is leased to City Fitness Group Ltd, one of New Zealand’s leading fitness operators with over 60 clubs nationwide. The leases have initial expiries in 2032, with rights of renewal through to 2046, annual CPI rental growth and market rent reviews throughout the term.
Positioned within the high-profile Wairau Junction Retail Centre, this proven investment benefits from strong customer flow, excellent exposure to approximately over 30,000 vehicles daily, and access to 155 on-site customer car parks. Anchored by quality neighbouring tenants such as Mayfield Sportshouse, Physio Connect, Nando’s, Coffee Club etc, the development is further supported by the wider Wairau retail precinct, making this location one of the North Shore’s most prominent commercial hubs.
With a national tenant covenant, built-in rental growth, and excellent exposure within the development, this secure, passive investment is not to be missed.
Contact the Sole Agents for further information or to arrange a time to view.
Shoneet Chand 021 400 765 and Matt Prentice 021 464 904
Features:
- Returning $455,146.49 pa + GST + OPEX
- Leased to City Fitness Group Ltd - a strong national operator
- Built-in annual CPI rental growth plus market reviews
- Total floor area 1,530m² total floor area (Unit 12: 1,252m² | Unit 16: 278m² approximately)
- Initial expiries in 2032, with rights of renewal to 2044
- High profile position within Wairau Junction Retail Centre
- Busy, sought after North Shore location
- Passive, long-term investment – don’t miss out!
More information: https://www.colliers.co.nz/p-NZL67036408
