Dual Tenancy Fee-Simple Neighbourhood Retail

Ray White Manukau and James Group are pleased to present to the market this split risk retail investment, available to purchase via Deadline Sale closing 18th March 2021 at 4 pm.

The property sits on a 293sqm fee-simple land parcel, with 197.5sqm of floor area divided between two tenants, and is in a retail strip consisting of 6 other tenancies. The New Windsor Medical Centre tenancy spans 133.5sqm (more or less) of floor area with multiple private practice rooms, waiting room, and amenities. The New Windsor Pharmacy covers 64sqm (more or less) of floor area and being located directly next to the Medical Centre ensures they maintain a steady stream of business. Currently, the property is currently returning $51,640 net per annum, and the Medical Centre is open to signing a new long-term lease for the new purchaser. At the rear of the premises, there is a separate access way which leads into exclusive parking areas, as well as having ample customer parking within the complex.

The information available on request:
IM, IEP, LIM Report, Lease details
Key Features:
• 293sqm Fee-Simple land parcel
• 197.5sqm floor area with two tenants
• Returning $51,640 net per annum
• Exclusive car parking as well as on-street parking
• Zoned Business- Neighbourhood Centre
For more information or to arrange a viewing call or email the listing agents:
Chongde Tang
021 684 588
chongde.tang@raywhite.com
Aidan Moss
021 070 8049
aidanmoss@jamesgroup.co.nz

PLEASE NOTE: Specified floor and land area size have been obtained from multiple sources: Property Smarts, Property-Guru, Auckland Council (LIM) or Title documents. Advertised areas have not been measured by the Salesperson or Ray White - A T Realty Limited. We recommend you seek your own independent legal or expert advice if these sizes are material to your purchasing decision.