- Approximately 82sqm Korean restaurant
- Returning $41,056.92pa + GST and outgoings
- Two exclusive car parks plus ample onsite parking
- Newly completed interior fit out
- Brand new lease with rental bond and guarantor
- Proximity to the upcoming Rosedale Bus Station
This property presents an approximately 82sqm Korean restaurant situated in one of Albany's most sought after commercial precincts. It features two exclusive car parks, ample onsite parking, and a newly completed interior fitout, complemented by an exclusive front deck area approved by the body corporate, an ideal setting for outdoor dining. The structural steel beam was fully maintained and repainted in 2024, backed by a 15 year warranty, providing excellent long term peace of mind regarding building durability.
A new four year lease commenced in December 2025, with a further four year right of renewal, offering investors strong income security. The tenant has a proven track record, having successfully operated at this location for over a decade, supported by consistent local demand and the strong commercial activity that defines the Arrenway Drive and Rosedale corridor.
The property's strategic positioning is further enhanced by major infrastructure investment along the Northern Busway. According to Auckland Transport's latest update, construction of the new Rosedale Bus Station is scheduled to begin in mid 2026 (According to AT), with access via Arrenway Drive. This significant upgrade is expected to transform local connectivity and pedestrian flow, driving increased commercial demand and strengthening the long term value proposition of well located retail units in the area.
With its modern presentation, new lease, strong tenant profile, and proximity to one of the North Shore's most important transport projects, this property represents an exceptional passive investment opportunity for purchasers seeking stable income and future value growth in a premier commercial location.
