Takapuna Premium Investment - Must Be Sold

Located in prime central Takapuna, this quality tenanted investment MUST BE SOLD.

• Approximately 300sqm Retail Space split into three road-frontage shops
• Retail 1A: Comprising approx 39.4sqm leased to AA Tech Clinic for 4 years from 15/12/22 (with 2 Rights of Renewal of 3 Years each), final expiry date 14/12/2029
• Retail 1B: Comprising approx 169.8sqm leased to Recycle Boutique (2005) Limited for 5 years from 15/07/20 (with 2 Rights of Renewal of 5 Years each), final expiry date 14/07/2035
• Retail 1C: Comprising approx 41.2sqm leased to Ruby Nails & Beauty Limited for 6 years from 01/12/23 (with 2 Rights of Renewal of 3 Years each), final expiry date 30/11/2032
• Approx 50sqm shared lunchroom and amenities
• High pedestrian and traffic flow
• Short stroll to Takapuna Beach, restaurants, banks, Shore City Shopping Centre, public library and other retail shops
• Two Car Parking Spaces
• IGNORE the GV of $3,750,000 because this tenanted investment will be sold!

TOTAL GROSS RENT of $191,822.64 + GST
TOTAL NET RENT of $116,664.98 per annum + GST + Opex

FOR SALE BY AUCTION at 1:00pm on 01 MAY 2025 (Unless Sold Prior) at Premium Real Estate, 111 Hurstmere Road, Takapuna

95 Hurstmere Road, Takapuna, North Shore, Auckland