Purchase Price: $22,275,000
Purchased on 27 August 2014
Return: 8%
Tenanted by Countdown, St Pierre’s Sushi, Pita Pit, Spice Traders, Yummy Delights, Westpac New Zealand.
Sold 21 May 2021 for $37,250,000
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45 Jackson Street, Petone
With Countdown as the anchor tenant, this property had 5 other retail/specialty stores. Located in Petone, Wellington, an expanding area of Wellington, the property was fully tenanted and provided a consistent return for investors for 7 1/2 years until it was sold.
8%
pa
Cash return pre-tax, paid monthly