Commercial manager Janet Marshall, who is marketing the property with colleagues Euan Stratton and Sean Honeycombe, sees an exceptional opportunity in one of the Shore's most tightly-held areas.
"In the heart of Milford's established retail district, this property receives a consistent influx of customers and exposure due to its high-profile position," she says.
"It's across the road from the Milford Centre - home to anchor-tenants Countdown, The Warehouse and Whitcoulls. This shopping hub draws locals, plus residents of neighbouring suburbs Westlake, Forest Hill and Crown Hill. Plans to further extend the centre with a $200m investment will create additional focus on Milford and bring even more prospective customers to the area, making this a superb opportunity both now and in the long term."
Stratton says the property for sale has a variety of future options and potential. "The demographic in Milford has changed significantly in the last 10 years, with the area becoming immensely popular with younger people and affluent families. The change is now reflected in the commercial properties, with many undergoing refurbishment that are rejuvenating the area which is drawing people from as far as Takapuna and the East Coast Bays," he says.
The Milford Rd property is fully tenanted and earns annual net income of $130,832 plus GST.
Two ground floor retail tenancies face Milford Rd, while the two rear tenancies and first floor serve asoffice space. Boutique coffee company, Meebz Coffee Roasters, occupies one of the retail spaces, supplying a wide variety of specialist coffee blends to cafes, offices and individuals.
Next door is the long-established Milford Clock and Watch repair, which has been dedicated to the repair and restoration of clocks and watches for almost 30 years.
