Unit 53/691 Manukau Road, Royal Oak Entry-Level Retail Investment

Available PropertyFiles:

  • Body Corporate.zip
  • IEP Report.pdf
  • Lease.zip
  • REFERENCE ONLY LIM - 47_691 Manukau Road.pdf

Property Description

• Affordable freehold entry-level investment in the Royal Oak Shopping Mall
• Tenanted by Maverick Financial Services, an established insurance advisory company who have occupied the premises since 2020
• Net income of approx. $5,993pa + GST, renewed 4 year lease from October 2024
• GV of $75,000
• Mall Neighbours include PAK'nSAVE, McDonald's, ANZ, Subway and more

Offered to the market is an affordable freehold unit in the Royal Oak Shopping Mall. Tenanted by Maverick Financial Services, this Level 1 property of 45sqm is returning an approx. net income of $5,993pa + GST. The property is comprised of a front reception area, large meeting room (including a sink), and a rear office.

Royal Oak Shopping Mall is well-located in the heart of Royal Oak near Epson and One Tree Hill, close to 10 minutes drive to Auckland's CBD and close to 5 minutes from the Southern and Southwestern Motorways. This local mall consists of a mix of over 50 shops, and is open 7 days a week. Ample customer car parking is available, comprising 778 spaces, covered and uncovered, with main road access points along both Manukau Road and Mount Albert Road.

An excellent opportunity to acquire an entry-level tenanted investment with the benefit of an existing 4 year lease.

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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

Matt Lee

Senior Broker, Asian Markets

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.