NAI Harcourts has great pleasure in marketing 168 Onehunga Mall with a renewed 6 year lease to the ASB Bank. With an net annual rental of $83,500 p.a. and 47% site coverage the investment provides a purchaser with long term income security and future development potential. Located in the heart of the Onehunga retail area the building has dual street frontage to The Mall and Upper Municipal Place. Onehunga has been identified in the Auckland spatial plan as a principal centre for housing, employment intensification and a central hub for high quality transport networks. Rarely do commercial investments of this calibre come to the market. Key Features: - ASB Bank as tenant - long term occupier - Safe secure long term lease - Net income $83,500 p.a. - Renewed Lease term 6 years from 1st November 2013 - Final lease expiry including renewals 31st October 2031 - Dual Street frontage - 46% site coverage - Excellent Seismic rating - Suit family trust Viewing times are by arrangement: Mondays and Wednesdays 9:30am - 10:15am The property will be sold by Auction on Thursday 26th June 2014 at the Royal New Zealand Yacht Squadron, 101 Curran Street, Westhaven. Further information can be found at http://feature.harcourts.co.nz/168onehunga