Retail
ID 52047UpdatedSold178 - 182 Onehunga Mall
178 - 182 Onehunga Mall
Onehunga
Please contact us for price
- Size
355 SQM
Jason Armstrong
Associate Director, Metropolitan Sales
Alex Wefers
Associate Director, Metropolitan Sales
Ranesh Parmar
Director, Retail Sales & Leasing
- Description
- Building Information
- Location
- Agents
Description
Tenanted Investment on 8-year leases
JLL is pleased to exclusively offer 178-182 Onehunga Mall for sale via Deadline Private Treaty closing 4pm on Thursday 2 June 2022 (unless sold prior).
178-182 Onehunga Mall is strategically located on a prominent corner site in the town centre of Onehunga. Placed within the main retail strip, it is within walking distance to the local train station, Countdown supermarket, Dress Smart Shopping Centre, and only a few doors down from the soon to be constructed apartment development, The Onehunga Mall Club.
Formally home to the ANZ Bank, the building has recently undergone an extensive refurbishment to be repurposed to a multi-tenanted convenience retail building. It is fully leased and underpinned by three tenants all on new 8-year leases, providing diversified income streams for a total net return per annum of $200,639 with built-in annual rental growth.
The property is anchored by Night ’n Day, an award-winning retail convenience network with over 50 stores across New Zealand. Complementing this essential service tenant are two modern and exciting hospitality concepts, Good Dog Bad Dog and Slabs Pizza.
Seismically strong, the building holds an 80% NBS rating across 355sqm of net lettable area on a 390sqm freehold corner site, providing two street frontages and fantastic exposure to both foot traffic and cars.
Opportunities to secure properties like this, and within a key location and substantial growth suburb of Auckland seldom come available. A ‘must-see’ investment.
KEY FEATURES:
Prominent holding in heart of Onehunga’s town centre
High exposure freehold corner site with two road frontages
Bankable investment with 80%NBS
3 tenants provide diversified income and split risk investment
8-year leases with bank guarantees provide secure cash flow
Returning $200,639 net p.a. with fixed annual rental growth
2 stacked carparks and plenty of public off-street carparks (up to P180)
JLL is pleased to exclusively offer 178-182 Onehunga Mall for sale via Deadline Private Treaty closing 4pm on Thursday 2 June 2022 (unless sold prior).
178-182 Onehunga Mall is strategically located on a prominent corner site in the town centre of Onehunga. Placed within the main retail strip, it is within walking distance to the local train station, Countdown supermarket, Dress Smart Shopping Centre, and only a few doors down from the soon to be constructed apartment development, The Onehunga Mall Club.
Formally home to the ANZ Bank, the building has recently undergone an extensive refurbishment to be repurposed to a multi-tenanted convenience retail building. It is fully leased and underpinned by three tenants all on new 8-year leases, providing diversified income streams for a total net return per annum of $200,639 with built-in annual rental growth.
The property is anchored by Night ’n Day, an award-winning retail convenience network with over 50 stores across New Zealand. Complementing this essential service tenant are two modern and exciting hospitality concepts, Good Dog Bad Dog and Slabs Pizza.
Seismically strong, the building holds an 80% NBS rating across 355sqm of net lettable area on a 390sqm freehold corner site, providing two street frontages and fantastic exposure to both foot traffic and cars.
Opportunities to secure properties like this, and within a key location and substantial growth suburb of Auckland seldom come available. A ‘must-see’ investment.
KEY FEATURES:
Prominent holding in heart of Onehunga’s town centre
High exposure freehold corner site with two road frontages
Bankable investment with 80%NBS
3 tenants provide diversified income and split risk investment
8-year leases with bank guarantees provide secure cash flow
Returning $200,639 net p.a. with fixed annual rental growth
2 stacked carparks and plenty of public off-street carparks (up to P180)
Location
Agents
Jason Armstrong
Associate Director, Metropolitan Sales
Alex Wefers
Associate Director, Metropolitan Sales
Ranesh Parmar
Director, Retail Sales & Leasing