Retail Unit for Sale, 468 Mandeville Road, Ohoka, 7692 - CBRE Commercial

Overview

Retail Unit for sale

15 & 20 YEAR LEASES TO ANCHOR TENANTS

Mandeville Village is underpinned by excellent cashflow security with the key tenants being on 15 & 20 year leases. The enviable tenant mix anchored by a supermarket, service station and childcare centre is serviced well by a strong local economy with high potential growth prospects. The asset was completed in 2018 with its architectural design being inspired by the affluent surrounding residential & rural catchment. Guaranteed annual rental growth up to the greater of CPI or 3% will provide confidence for excellent returns in the years to come. Key Investment Highlights: • Architecturally designed and completed in 2018 • Net Rental: circa $575,000 pa • Outstanding WALT of circa 11.75 years • Enviable tenant mix including a supermarket, service station and childcare centre • Fixed rental growth across all tenancies • High profile frontage to Tram Road (with vehicle movements in excess of 6,000 per day) • Additional land for future development options • Growing local catchment • Large underlying land holding of 6,670sqm CBRE strongly recommends your early consideration of this outstanding opportunity. This opportunity is being offered to the market by way of a Deadline Private Treaty Campaign closing on Thursday 23 May 2019 at 4:00pm NZST (unless sold prior).
Less

Sizes and Measurements

Total Size

6,670

Pricing Information

For sale

Deadline Sale

Specification

  • 15 & 20 YEAR LEASES TO ANCHOR TENANTS

Photos

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