Available PropertyFiles:

  • /A. CT and Easements/
    • Unit A4 - 854487_Title.pdf
  • /B. Lease Documents/
    • REDHIL~1.PDF
  • /C. Body Corporate/
    • Red Hills Body Corporate Documents.zip
  • /D. Pre-Contract Disclosure Statement/
    • BC523701 Red Hills - PCD Unit A4 (PU4).pdf
  • /E. Flyer and Site plan - Unit A4/
    • A4 flyer and site plan.pdf
  • /F. Information Memorandum/
    • Information Memorandum 1-3 Red Hills Road final (print).pdf
  • /G. LIM Report/
    • Red Hills Road 1-3 Unit A4_LIM.pdf
  • /H. Auction Documents/
    • Approved Auction Agreement_Unit A4, 1-3 Red Hills Road, Massey.pdf

Property Description

Everyone always needs a pharmacy and now you can have your own. This modern retail space is located in a prime position at the top of Don Buck Road and Red Hills Road. With two entrances to the centre as well and wide road frontage and loads of parking, it is perfectly positioned to take full advantage of the large (and growing) local area.

The modern convenience centre was completed around 2017 and has enjoyed high levels of occupancy since then. The Pharmacy tenant has signed a long lease agreement with renewals and CPI based rental increases.

Lower your blood pressure with a straightforward bottom-drawer type investment.

Red Hills Ltd trading as Red Hill Pharmacy
• Tenancy area: 124.5sqm (approximately)
• Initial lease term: 10 years
• Commencement: 15/07/2020
• Rights of renewal: Three (3) x 10 years
• Rent review: Two (2) yearly to CPI + 1% from 2026
• New renewal due: 15/07/2030
• Current rent: $47,000pa

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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.