Mandeville Village is underpinned by excellent cashflow security with the key tenants being on 15 & 20 year leases. The enviable tenant mix anchored by a supermarket, service station and childcare centre is serviced well by a strong local economy with high potential growth prospects.
The asset was completed in 2018 with its architectural design being inspired by the affluent surrounding residential & rural catchment.
Guaranteed annual rental growth up to the greater of CPI or 3% will provide confidence for excellent returns in the years to come.
Key Investment Highlights:
Architecturally designed and completed in 2018
Net Rental: circa $575,000 pa
Outstanding WALT of circa 11.75 years
Enviable tenant mix including a supermarket, service station and childcare centre
Fixed rental growth across all tenancies
High profile frontage to Tram Road (with vehicle movements in excess of 6,000 per day)
Additional land for future development options
Growing local catchment
Large underlying land holding of 6,670sqm
CBRE strongly recommends your early consideration of this outstanding opportunity.
This opportunity is being offered to the market by way of a Deadline Private Treaty Campaign closing on Thursday 23 May 2019 at 4:00pm NZST (unless sold prior).