6% Return and More Potential After

Property ID 1747207

This ground floor retail shop is centralised in the heart of Newmarket, being one of New Zealand's premier retail centres, surrounded by popular restauants, cafes, bars, movies theatres and renowned retailers. This premise is nestled amongst numerous apartments, adjacent to the Newmarket Train Station and has the added bonus of being near by new apartment projects which will be completed December 2018/19.

This shop has 2 secure under cover car parks and own toilet facilites!

Currently leased as a Sushi shop, 3 years with additional 3 years 'right of renewal', every 3 years each plus rent renewal.

Annual rental is $55,000 + GST plus all outgoing (BC$3,892.06 + $6,372.58 P/A (2017))

Vendors have decided to dinvest. Here is an opportunity NOT to be missed!

Please call Daniel Chen 021 868 777 or Michael Oh 027 444 9217 to view.

42 Remuera Road Remuera ACKLND 1050 NZ
-36.870332 174.778379