507 Sandringham Road, Sandringham, Auckland

Prime Sandringham Village investment

• High-profile investment in the tightly-held Sandringham village, one of the most sought-after suburban hospitality precincts in Auckland
• Recently renovated property generating a net rental of $130,000pa + GST
• Fully tenanted by 507 Bar and Eatery, a modern contemporary restaurant featuring a brand-new restaurant fit out and a residential dwelling at the rear

A rare opportunity to acquire a modern passive investment. This prominent main road property features 507 Bar and Eatery at the front, a contemporary restaurant offering a mix of modern Middle Eastern and European cuisine - while a consented three-bedroom residential dwelling adjoins the rear. Fully tenanted under a single commercial lease - a four-year term from 2024, the property benefits from guaranteed two yearly rent increases.

Strategically positioned in the Sandringham village, one of Auckland's most popular hospitality hotspots, attracting patrons from across the city. Prominently located just off Mt Eden and St Lukes, the village has a history of low vacancies, consistently demonstrating high demand and strong occupancy

This investment ticks all the boxes - strong lease covenants ensure stability, rental upside, and long-term investment security.