Unit 6/115 Felton Mathew Avenue, St Johns, Auckland

Affordable retail investment: new 4 year lease!

• Brand new 4 year lease from April 2024
• Returning a net rental of $36,000pa + GST, with fixed guaranteed rental growth
• Popular rental convenience complex established in 2012 by a reputable and experienced commercial developer
• Surrounding neighbours include Carl's Jr, Columbus Coffee, Jetts Gym and Woolworths

Offered to the market is an affordable retail investment tenanted by Faan Tong, a Sushi takeaway operator. The new 4 year lease includes right of renewals and is underpinned by personal guarantees from the tenant plus additional rental bond. Unit 6, owned by the current owner and fully occupied since its establishment in 2012, consists of a floor area of 68sqm (more or less), a significant kitchen/takeaway fitout plus a bathroom, and benefits from an abundance of shared centre car parking.

Situated in the Merton East Retail Complex, neighbouring businesses in the centre include Carl's Jr, Jetts Gym, BodyFitTraining, Columbus Coffee and Saint Johns Butchery - with Woolworths and Colin Maiden Park located across the road and the planned 12ha, 1,500 future apartment development, ‘Te Tauoma,' situated circa 250 metres from the complex.

Affordable retail investments with the advantage of favourable lease covenants rarely come onto the market.