E4/18 Triton Drive, Rosedale, North Shore City

Nestled in the serene cul-de-sac of Triton Drive, this E4/18 property in Rosedale, Auckland - North Shore, is a prime example of a sound investment. Constructed in 2005 with a mix of robust materials for the walls and iron for the roof, this commercial office space boasts a floor area of 220 sqm and comes with 4 carparks. Under the Unit Title ownership, it presents a wall and roof condition that is nothing short of good. The property's capital value has seen a rapid increase from $740,000 in July 2017 to $840,000 as of June 2021, marking a 13.5% growth. This is further supported by the HouGarden AVM of $842,500 and a latest sale record of $950,000 in July 2024.

With a proven track record, this property is not just about the numbers. It's about the consistency in returns with a 6-year initial lease term plus renewal options, currently yielding $72,000 per annum plus GST, with the tenant covering the operational expenses. The investment is located in a sought-after area with a high specification fit-out and a bank guarantee, making it an attractive opportunity for a 7% return on investment.

For families, the property falls within the decile 10 school zones of Murrays Bay Intermediate, Murrays Bay School, and Rangitoto College, ensuring top-notch education for all ages.

Updated on September 18, 2024