3/272 Ti Rakau Drive Gaming and hospitality gem

Available PropertyFiles:

  • /A. Record of Title/
    • Ti Rakau Drive 272 Unit 3_NA93B_996_Title.pdf
  • /B. LIM Report/
    • Ti Rakau Drive 272 Unit 3_LIM Report_14_08_2023.pdf
  • /C. Body Corporate/
    • 156398 MinAGM 210507 FINAL.pdf
    • 156398 MinAGM 220616 FINAL.pdf
    • 156398 minagm FINAL MERGED ht.pdf
    • 2023 Renewal Confirmation _ Body Corporate 156398.pdf
    • BC 156398 Accounts 16.03.22.pdf
    • BC Rules as at 24122018.pdf
    • Financial 156398.pdf
    • Financials 156398 16.03.21 pl.pdf
    • Ti Rakau Drive 272 Unit 3_Pre Contract Disclosure Statement.pdf
    • Vero - Businessplan [MD, BI, Broadform, SL].pdf
    • Vero-NZbrokers-Business-Interruption-Policy-NZBVEROBI-0318.pdf
    • Vero-NZbrokers-Material-Damage-Policy-NZBVEROMD-010719.pdf
  • /D. Auckland Council Property Files/
    • Ti Rakau Drive 272 Unit 3_Auckland Council Property Files_zipped.zip
  • /F. Lease Documentation/
    • Signed Deed of Lease.pdf
  • /G. Other Documentation/
    • IEP Seismic Assessment -272C Ti Rakau Dr.PDF

Property Description

• Approximately 370sqm prominent corner site
• Bar and restaurant returning $158,620pa + GST and outgoings
• Long term and secured lease, steady rental growth

This property enjoys a prime location on Ti Rakau Drive, offering excellent visibility and benefiting from the traffic flow connecting East Auckland suburbs such as Pakuranga, Botany, and Howick. Situated on the outskirts of the East Tamaki industrial area, it also provides convenient access to motorway interchanges and major arterials. The strategic positioning of the property ensures close proximity to a wide range of community amenities and easy connectivity to neighboring commercial and residential areas.

Presently, the property is leased to Metro Bar & Restaurant, an establishment known for its modern european style. With almost 30 years of operation, Metro offers a diverse selection of beverages, a gaming lounge, delicious food, bar snacks, jukebox entertainment, and venue rental for functions. The lease agreement spans 15 years with a right of renewal for an additional 10 years, ensuring a guaranteed rental increase and a market review every five years. The lease is backed by a rental bond and a personal guarantee, providing confidence to potential buyers.

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Terms of Supply

By accepting the information contained in this PropertyFile, I acknowledge I have read, understood and accepted the terms on which the information is made available.
1. Where information is supplied by the agent to customers, the information is information in possession of the Vendor(s) that the Vendor(s) are making available to the customer without endorsement.
2. No representation is made by the agent or the Vendor(s) as to the accuracy, or to the reliability, of any information made available to the customers.
3. The customer will seek such advice and explanation the customer may require from an independent specialist of their choosing.
4. Should the purchaser decide not to obtain their own specialist advice, they are deemed to have satisfied themselves on all aspects of the property and are buying solely in reliance on their own judgement and contrary to the recommendation of the agent.
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Contact Toer Li

Bayleys Real Estate Ltd

Licensed under REA 2008

021 110 8858   toer.li@bayleys.co.nz   All Listings

Toer, (like Thor, pronouncing the ‘TH’ as ‘T’ only) brings extensive sales and leasing experience to the NAI Harcourts Cooper & Co team. He has been personally involved in managing retail businesses and is in a unique position where he easily understands both vendors and purchasers’ situations, their concerns and how stressful things can be for both parties.
Toer is a master at ensuring the process is smooth for all concerned and he delivers the best outcomes. Born in Mainland China, Toer first came to New Zealand in 2003, like many hard-working Chinese, he has enjoyed the time living and studying here. Toer gained double major degrees in Finance and Marketing from the University of Waikato Business Management Studies; he strongly believes that his deep affection to this country is the same reason why people fall in love with New Zealand, and the same reason people want to invest here.Toer's aim is to build this bridge between the two parties, act as a mediator, internationally and domestically; he is honest, precise and handles issues with profession & efficiency, the win-win results is what he pursues for, both for vendors and buyers.
Toer is friendly and easy to talk to, his enthusiasm in soccer and snooker gives him the mental and physical strength, and it is the same passion he shares at work. Give Toer a call now and let him help you to score your ultimate goals!