1A/89 Ellice Road, Wairau Valley, North Shore

High-exposure food retail, low risk investment

Key features:
• Desirable road front building with 13 exclusive car parks
• New five-year lease returning $69,100pa + GST and outgoings
• Built-in market and annual fixed rental review
• Established food tenant with bank and personal guarantee

Offering a rare and compelling opportunity for savvy investors, this prime commercial property features high-visibility road-front exposure and 13 exclusive car parks, making it a standout investment. It is currently home to a well-established tenant trading as Novelty Sweets & Restaurant, with a secure lease structure that includes built-in market and annual fixed rental reviews, as well as both bank and personal guarantees, ensuring long-term stability and peace of mind.

With a new five-year lease extending until October 2029 and renewal options through to 2044, investors can expect a reliable annual rental return of $69,100 + GST and outgoings. This is a versatile, modern unit in an established industrial/commercial precinct. Call the listing agents today for more information or to arrange a viewing.

Tony Chaudhary
021 995 121
tony.chaudhary@bayleys.co.nz

Steven Liu
021 808 579
steven.liu@bayleys.co.nz