Unit A2, 1-3 Red Hills Road (Phoenix BBQ Eatery) Delicious bite-sized tenanted retail investment.
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Property Description
Unit A2, Phoenix BBQ Eatery: a well-established business serving a range of delicious food at reasonable prices.Located in a modern convenience retail development in the Auckland suburb of Massey, the property enjoys ease of access with a wide street frontage, two driveways and plenty of parking for guests.
With a large and growing customer base on the doorstep, it is easy to see why the complex and the tenant have been performing well. The lease has been in place since 2017 and provides for fixed annual increases. This ensures it is an easy and straightforward investment property.
Investors - if you are looking to expand your asset base, or if this is your first commercial investment do not hesitate, call us now to discuss how you can buy this property.
MSX Restaurant Ltd trading as Phoenix BBQ Eatery
• Tenancy area: 113.78sqm (approximately)
• Initial lease term: 10 years
• Commencement: 15/12/2017
• Rights of renewal: 2% fixed annually, market upon renewal
• New renewal due: 15/12/2027
• Current rent: $51,252pa
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Terms of Supply
The following information has been supplied to Bayleys Real Estate Limited (“Bayleys”) to be made available to any prospective interested parties for general information purposes only.Bayleys and the Vendor do not warrant the accuracy or completeness of the information and recommends that all recipients make their own enquiries to their satisfaction in all respects and seek their own independent expert advice.
Contact Peta Laery
Commercial North Shore Limited, Bayleys
Licensed under the REA Act 2008
021 277 3039 peta.laery@bayleys.co.nz All Listings
Backed by over two decades of experience in New Zealand's dynamic commercial and industrial real estate sector, Peta Laery is a true industry expert who is passionate about achieving success for her clients. As the first female salesperson in the busy Bayleys South Auckland office, Peta has consistently ranked amongst the best at Bayleys, concluding more than $300 million in real estate transactions with a refreshing enthusiasm that consistently wins the business.
With a proven track record of success, Peta has held positions at three of the biggest commercial organizations in the region. She brings the benefit of practical experience and a deep understanding of the systems and processes that remove stress and get results, making her a trusted advisor to high-net-worth clients seeking to maximize the value of their commercial and industrial property investments.
As an Associate Director, Peta has exceptional sales and leasing expertise, spanning the spectrum of commercial and industrial property assets, predominantly focused around the Auckland region. She consistently exceeds the expectations of her clients, offering a balanced approach to service while retaining repeat business from those who rely on her knowledge of the market, including legislative, economic, and council developments.
Aside from her professional pedigree, Peta is a relentless team player, widely respected across the industry for her compassionate contribution to gender parity and young mentorship. She is a qualified First Aider, including mental health, and a trained Big Sister Organization, and King’s Trust (ex-Prince’s Trust) mentor. Peta was a finalist in the NZ Property Council's 'Woman in Property' award for 2022. She served for 6 years on the KFF at Kristin School on Auckland’s North Shore. In her spare time, she loves to travel, ski, fish, and any activity in the outdoors.
