154 Apirana Avenue, Glen Innes, Auckland

New five-year lease to Animates

• Immaculately presented investment property in a tightly held retail precinct
• Fully leased with a strong tenant covenant on a renewed five-year lease term
• Returning $210,000pa + GST with fixed annual rental increases
• High-profile position surrounded by large national and international tenants
• A trophy asset that will appeal to passive investors and strategic land bankers

A rare opportunity to acquire an asset of this quality and scale in a tightly held city fringe location. The property is fully leased to established and proven tenant Animates, a pet supplies retailer with over 60 stores throughout New Zealand, who after 10 years of occupation, have shown their commitment to the location by renewing a five-year term from April 2025.

Situated in a high-profile position in the heart of Apirana Avenue, the property is surrounded by other established national and international retailers including PAK'nSAVE, Harvey Norman and Chemist Warehouse. Consideration should also be given to the long-term development potential of the 1,196sqm underlying freehold land, which benefits from intensive zoning allowing for development up to 32.5m.

Whether as a bottom drawer trophy asset or long-term land bank, 154 Apirana demands further consideration. Don't miss this opportunity - call now.