Safari Group New Zealand Limited is pleased to present another unique property development located on the North Shore of Auckland. The site location in Albany is a thriving suburb approximately 15 minutes north of the CBD which is expanding rapidly with a huge increase predicted in the existing retail, commercial and leisure developments.
This building comprises 66 serviced apartments, being a mixture of studios, one and two bedroom units, 1400m2 of retail and 18 residential apartments.
The general Lease terms are:
- 30 Years based on 15 + 5 + 5 + 5 years
- A franchisee with a proven international track record
- 6.6% Guaranteed gross return
- 2% annual rental increase after year 3
- 10 days free use per annum for owners
- Commercial guarantee on rental