A bulk retail investment in the heart of the tightly held Valley Mega Centre, offering investors a multi-tenanted, A grade property with a WALT of 6.2 years and unrivalled location.
The 3,049 sqm site and developed in 2016, comprising concrete tilt slab construction, split into three tenancies. There are 43 exclusive on site car parks as well as the benefit of the additional Valley communal parks.
Exceptional retail tenant covenants, including Postie Plus, Storage Box and Anytime Fitness. Providing a net return of $399,860.79 plus GST with significant rental growth.
The Valley Mega Centre has an excellent letting history, boasting 100% occupancy including Mitre 10 Mega, Woolworths, Rebel Sports, Briscoes and Chemist Warehouse.
For sale by Negotiation.
For more information or to arrange an inspection contact:
Benet Carroll
021 028 94537
benet.carroll@colliers.com
Please note: all floor areas are approximated only.
Features:
- Net Annual Rental: $399,861 plus GST
- WALT: 6.2 years
- Leased to three national retailers
- Seismic rating of 100%NBS
- 43 on site car parks
- Positioned in the tightly held Valley Mega Centre (100% occupancy)
More information: https://www.colliers.co.nz/p-NZL67037489
