Sold Property

8 Remuera Road, Newmarket, Auckland 1050

  • 82

$1,345,000

High Profile Hot Spot - Retail Rare Find

* An investment opportunity like this is a rare find in this location.
* This one level 82m2 retail gem is positioned by the corner of Broadway and Remuera Road.
* Great spot next to the Newmarket Train Station boasts large flows of pedestrian traffic.
* Annual rent $65,000 plus GST.
* Current tenant holds an existing lease till 2024, (if all the renewal rights are exercised.)
* This is an ideal opportunity to invest in the heart of Newmarket.
* Call for all overseas investors!
* Seize this rare opportunity now! Property ID: #SH7993

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Sold Date

  • 24 July, 2020

Property features

  • Property Type: Retail
  • Property Features: Level Number: 1
  • Property Details: Tenanted Investment
  • Zone: commercial
  • Tenure: Fee Simple
  • More Details URL: http://feature.harcourts.co.nz/8remuera
  • Tenancy 1: Area Sqm: 82, Commencement Date: 14 February 2009, Expiry Date: 14 February 2024, Rental net/gross p.a.: 65, 000 + GST, Review Dates: 15/02/2021, Rights of Renewal: One right of three years on 15th February 2021, Tenant Name: Paris Nails & Beauty Limited, Term (years): 3+3+3 years
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Office

Harcourts St Heliers

Licensed under REAA 2008

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Est. bond $1920
  • 82

Sold Property

8 Remuera Road, Newmarket, Auckland 1050

$1,345,000

High Profile Hot Spot - Retail Rare Find

* An investment opportunity like this is a rare find in this location.
* This one level 82m2 retail gem is positioned by the corner of Broadway and Remuera Road.
* Great spot next to the Newmarket Train Station boasts large flows of pedestrian traffic.
* Annual rent $65,000 plus GST.
* Current tenant holds an existing lease till 2024, (if all the renewal rights are exercised.)
* This is an ideal opportunity to invest in the heart of Newmarket.
* Call for all overseas investors!
* Seize this rare opportunity now! Property ID: #SH7993

Property Features

  • Property Type: Retail
  • Property Features: Level Number: 1
  • Property Details: Tenanted Investment
  • Zone: commercial
  • Tenure: Fee Simple
  • More Details URL: http://feature.harcourts.co.nz/8remuera
  • Tenancy 1: Area Sqm: 82, Commencement Date: 14 February 2009, Expiry Date: 14 February 2024, Rental net/gross p.a.: 65, 000 + GST, Review Dates: 15/02/2021, Rights of Renewal: One right of three years on 15th February 2021, Tenant Name: Paris Nails & Beauty Limited, Term (years): 3+3+3 years
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Sold Date

  • 24 July, 2020

Frieda Ming Yu Harcourts Mt Albert

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Harcourts St Heliers

Office Harcourts St Heliers Licensed under REAA 2008

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Need to sell before you Buy?

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