8/270 Oteha Valley Road, Albany Affordable hospitality investment in Albany
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Available PropertyFiles:
- /Body Corporate Documents /
- Body Corp.zip
- /Certificate of titles/
- CT - 9 - 25 Corban Avenue.pdf
- /LIM Report/
- LIM - 9-25 Corban Ave.pdf
- /Lease Documents/
- Deed Assignment 2025.pdf
- Deed of Lease 2023.pdf
- Rent Review - 2025.pdf
Property Description
• Affordable modern investment returning $31,347pa + GST (net)• Tenanted by an established Chinese restaurant on a three-year lease from September 2024
• Located in The Foundation - featuring a quality tenant mix including PopeyesChicken, Tank Juice, Snap Fitness and a range of Asian-themed businesses
An excellent opportunity to secure a well-located, affordable retail/hospitality investment in the heart of Albany. This 58sqm (approximately) unit is tenanted by Go Go Gyoza, an established restaurant offering a range of Chinese cuisine.
Comprising a three-year lease from September 2024 plus further right of renewals, the property benefits from two personal guarantees as well as a rental bond - providing investors with significant lease security.
Constructed in 2014, The Foundation is a prominent retail convenience centre situated on the corner of Oteha Valley Road and Appian Road. The development is strategically located close to Albany Lifestyle Centre/Mitre 10 Mega, Westfield Albany, KFC, Auckland Council offices, Sum Made Chinese restaurant, and other major amenities.
A clear instruction from the relocating vendor - this is to be sold.
Tenancy Details
Name of Tenant: Mr.Zhang Food & Beverage Limited
Term of Lease: Three (3) years from 15th September 2024
Net Rental: $31,347pa + GST
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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 Matt Lee
Bayleys Real Estate Ltd
Licensed REAA 2008
09 375 8424 021 1515 505 matt.lee@bayleys.co.nz All Listings
Matt Lee is a Senior Commercial Broker focused on Development, Commercial Sales and Leasing.
Joining the Real Estate Industry with Bayleys in 2013, Matt was quick to exhibit and develop strong Real Estate brokerage knowledge and skills, as a key part of Bayleys highly successful International Sales Team working closely with James Chan, Bayleys first salesperson to achieve $1 billion in transactions. Specialising in the Commercial sector, Matt was involved in a significant level of Standalone and Unit Title sales and leases all throughout the Auckland region, and in 2020 was promoted to the position of Senior Broker.
From 2021 to 2022, Matt focused on the Development and Project Marketing sector, heading up the Project Marketing Division for a global real estate brand, marketing and selling projects with a combined market value of over $500 million across New Zealand, from development sites, terrace housing, apartments through to sections, and leading a team of 15 specialised project marketing agents.
Returning home to Bayleys in August 2022, has developed a strong understanding of both the local and global markets. Together with Bayleys and their market-leading resources, Matt has his finger on the pulse of real estate property trends and developments, ensuring opportunities are maximised and clients’ assets and expectations are surpassed. A product of the highly regarded University of Auckland, Matt graduated with a conjoint Bachelor of Property and Bachelor of Commerce (with a double major in Marketing and Management) degree. Influenced by his Chinese heritage, Matt values integrity, respect, dedication, hard work and diligence, and he has that willingness to go that extra mile to ensure successful results for his clients.
Contact James Chan
Bayleys Real Estate Ltd
Director, Aisan Markets
09 375 8458 021 934 054 james.chan@bayleys.co.nz All Listings
James Chan has been specialising in the sale of commercial property for nearly 30 years and is the first salesperson among Bayleys Real Estate’s nationwide commercial and industrial team to have achieved gross sales of more than $1 billion, placing him within an elite group of high achievers within the industry.
James is head of Bayleys’ Auckland-based international sales division, a team of multilingual salespeople specialising in servicing the property requirements of both offshore and local South East Asian investors.
James has been a top performing salesperson for many years, winning both Bayleys and the Real Estate Institute Salesperson of the Year (REINZ) awards on numerous occasions. Most recently, he was winner of Bayleys’ nationwide top auction agent award for 2011/2012; winner of Bayleys’ national top commercial and industrial salesperson award in 2011/2012 and runner up in 2012/2013; and runner up in REINZ national salesperson of the year award for 2011/2012. Bayleys Top Achievers status every years for the past 30 years.
Born in Hong Kong, James is fluent in Mandarin and Cantonese as well as English and says his “rich cultural base” gives him a point of difference in the marketplace. “I try to bridge the Kiwi and Asian way of thinking, acting as a mediator between the two. I always try and create an outcome that produces a win-win for vendors and buyers.”
In the time he has worked for Bayleys, James has built up a vast network of contacts both within New Zealand and throughout Asia. These not only include investors but also banks and financiers, lawyers, immigration consultants and other professionals. Due to "word of mouth" and as the result of numerous successful transactions over many years, James has built a level of trust and reputation which means clients personally seek out his advice.
