J/18 Link Drive, Wairau Valley, North Shore

Secure entry-level commercial investment

• Tenant has been in occupation since 2009 and has recently renewed for a further three years
• Functional, generic unit that would suit a range of future tenants or occupiers
• High profile Link Drive location being the most sought-after North Shore address for furniture, appliances and home improvement
• Annual net rental of $64,000pa + GST and outgoings

First time on the market since 1993, Unit J, 18 Link Drive presents a sought after affordable investment opportunity, headlined by a renewed lease term to an established tenant. Investment quantums of this size with a strong security of income is extremely rare, and prospective purchasers can take confidence in the tenant's track record and trading history in this regard.

Link Drive, which is situated in the centre of Auckland's North Shore, is a one-stop shop for a range of homeware items and boasts some of New Zealand's biggest retail names including Harvey Norman, Noel Lemming, Briscoes, JB Hi Fi, Target and Freedom to name a few in a single 500m stretch. The area is easily accessible to Auckland's motorway network via Tristram Road interchange.

Long term the property benefits from its position on a larger 1.9 hectare mixed use zoned title which allows for intensive apartment redevelopment, providing purchasers with the peace of mind that beyond a sought-after premises with excellent occupancy history - a future upside awaits.