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Tasty freehold – proven returns64293474843777110
Tasty freehold – proven returns64293474843777111
Tasty freehold – proven returns64293474843777112
Tasty freehold – proven returns64293474843777113
Tasty freehold – proven returns64293474843777114
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Tasty freehold – proven returns

address135 Atkinson Avenue, Ōtāhuhu, Auckland 1062, New Zealand

Description

• Established national brand of Kokodak Chicken with 18 stores across New Zealand • Brand-new six-year lease returning net $105,000pa + GST • Fixed 3% annual increase • Extensively refurbished retail, commercial kitchen and high-stud warehouse • Excellent freehold investment at a high-profile location An outstanding opportunity to secure a freehold commercial investment in the heart of Otahuhu, underpinned by a strong national tenant - Kokodak Chicken, one of New Zealand’s fastest-growing Korean fried chicken brands with 18 stores nationwide. The property is leased on a brand-new six-year term with rights of renewal, returning net $105,000pa + GST, with fixed annual rent increases of 3%, ensuring solid income growth and long-term stability. The freehold property has been extensively refurbished, featuring a beautifully presented retail frontage, a spacious modern commercial kitchen, high-stud warehouse for storage, and onsite customer parking. With road frontage exposure, this is truly an exceptional investment offering long-term security and growth, supported by a reputable national tenant.

Source:  trademe View original post

Location
135 Atkinson Avenue, Ōtāhuhu, Auckland 1062, New Zealand
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trademe

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