1/43 Omega Street, Albany, North Shore City Desirable restaurant investment

Available PropertyFiles:

  • /A. Record of Title/
    • Omega Street 43 Unit 1_NA128A_197_Title.pdf
  • /C. Lease Documentation/
    • Deed of Lease.pdf
  • /D. Body Corporate/
    • PCDS - BC 199351 - Unit GA.pdf
    • PCDS Supporting Documents.zip
  • /E. Information Memorandum/
    • Omega Street 43 Unit 1_Information Memorandum.pdf

Property Description

Bayleys is pleased to present 1/43 Omega Street, Rosedale for sale by auction - a highly visible, ground-floor commercial investment delivering immediate and secure income from the well-established restaurant operator Alleyway Hot Pot.

Prominently positioned on the corner of Omega Street and Paul Matthews Road within the tightly held North Harbour Industrial Estate, this modern unit enjoys exceptional exposure with 270-degree prominence and excellent accessibility.

The property comprises a total floor area of approximately 189sqm and benefits from 10 allocated on-site car parks, an increasingly rare and valuable feature for hospitality investments in this precinct.

Investment highlights:
• Secure long-term lease profile:
Leased to popular Chinese Asian restaurant Alleyway Hot Pot on a strong lease term running through to May 2033, with two further rights of renewal, providing investors with long-term income security.

• Attractive Passing Income:
Returning a net annual income of $65,000pa + GST +and outgoings, delivering an appealing, hands-off investment from day one.

• Quality, modern fit-out:
The tenant has recently completed a high-quality, purpose-built internal refurbishment, including a new commercial kitchen, modern wall and floor finishes, and upgraded plumbing and gas services - all at the tenant’s cost.

• Well-configured hospitality premises:
Presented in clean, tidy condition and fully equipped for modern restaurant operation, including air conditioning and dedicated ducting systems.

This is an outstanding opportunity to acquire a low-maintenance hospitality investment in a proven commercial location, underpinned by a quality tenant and strong lease fundamentals.

For further information or to arrange inspections, contact Bayleys Sole Agents.

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Terms of Supply

By accepting the information contained in this PropertyFile, I acknowledge I have read, understood and accepted the terms on which the information is made available.
1. Where information is supplied by the agent to customers, the information is information in possession of the Vendor(s) that the Vendor(s) are making available to the customer without endorsement.
2. No representation is made by the agent or the Vendor(s) as to the accuracy, or to the reliability, of any information made available to the customers.
3. The customer will seek such advice and explanation the customer may require from an independent specialist of their choosing.
4. Should the purchaser decide not to obtain their own specialist advice, they are deemed to have satisfied themselves on all aspects of the property and are buying solely in reliance on their own judgement and contrary to the recommendation of the agent.
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Contact Toer Li

Bayleys Real Estate Ltd

Licensed under REA 2008

021 110 8858   toer.li@bayleys.co.nz   All Listings

Toer, (like Thor, pronouncing the ‘TH’ as ‘T’ only) brings extensive sales and leasing experience to the NAI Harcourts Cooper & Co team. He has been personally involved in managing retail businesses and is in a unique position where he easily understands both vendors and purchasers’ situations, their concerns and how stressful things can be for both parties.
Toer is a master at ensuring the process is smooth for all concerned and he delivers the best outcomes. Born in Mainland China, Toer first came to New Zealand in 2003, like many hard-working Chinese, he has enjoyed the time living and studying here. Toer gained double major degrees in Finance and Marketing from the University of Waikato Business Management Studies; he strongly believes that his deep affection to this country is the same reason why people fall in love with New Zealand, and the same reason people want to invest here.Toer's aim is to build this bridge between the two parties, act as a mediator, internationally and domestically; he is honest, precise and handles issues with profession & efficiency, the win-win results is what he pursues for, both for vendors and buyers.
Toer is friendly and easy to talk to, his enthusiasm in soccer and snooker gives him the mental and physical strength, and it is the same passion he shares at work. Give Toer a call now and let him help you to score your ultimate goals!


Contact Millie Liang

Bayleys Real Estate Ltd

Bayleys is New Zealand’s largest full-service real estate company.

09 375 8440   021 968 128   millie.liang@bayleys.co.nz   All Listings

With 10 years specializing in full spectrum of commercial sales & leasing and business sales, Millie has built an extensive network of buyers and vendors and continues to achieve outstanding sales and leasing results — achieving Bayleys Real Estate Ltd award #1 - Most Commercial Sales & Leasing Deals Settled - for 2012, 2013, 2014 and 2015.

Millie has always dedicated to providing the most professional, insightful and customized solutions for her clients, ranging from peddlers to large chain businesses, covering all trades and professions such as clothing, fashion accessories, computer/electronics, health and beauty, Asian supermarkets, tertiary education, food & entertainment hospitality and professional firms.

Confidence in English, Mandarin and Cantonese allows Millie to understand the needs of clients deeply and precisely and make a profound and comprehensive explanation about the properties.

Millie has established a large Chinese clients’ database that adds value continuously.