, Newmarket, Auckland

Prime Broadway Corner

- Prime Newmarket trophy investment\n- Fully leased on 14 year lease to ASB Bank returning $482,553 + GST p.a.\n- Built in rental growth (3% p.a.)\n- Massive profile corner site on intersection of Balm Street and Broadway\n- Vendor's instructions are clear present all offers\n\nThe property comprises a 2 level plus basement retail premises which was purpose built for ASB in 2009. The property is fully leased to ASB on a 14 year lease commencing in 2009 and is returning $482,553.53 + GST p.a. (net) The tenant also has one further right of renewal of seven years.\n\nThe award winning property was designed by Stephenson and Turner architects and sits on a prime corner site on the corner of Broadway and Balm Street in Newmarket. Both Street frontages comprise double height retail glazing, with mezzanine offices of approximately 224 square metres above. Eleven basement car parks are accessed from Nuffield Lane.\n\nHigh profile retail properties in this sought after location are rare and seldom become available. This, coupled with the strength of the ASB as a trophy tenant, make this an opportunity not to be missed.\n