Rarely does an opportunity present itself to secure ownership of the ground lessor's (freehold) Interests in such a highly desirable location.
JLL are proud to present this exceptional investment in the ground lessor’s (freehold) interests located in the heart of bustling Remuera and Epsom, as part of our 'Portfolio for the Generations' offering. 104 & 108 Great South Road, Epsom consists of two neighbouring titles along an arterial road, within close proximity to public transport and links. Both properties have lessee's interests registered on the titles, with the lessee's operating Motels from the sites.
Other features include:
• Two Neighbouring Freehold titles
• Established businesses on 21-year perpetually renewable leases
• Zoned Business - Mixed Use
• Tightly held location
• Close proximity to Remuera and Newmarket train stations
104 Great South Road
• 1,575sqm
• Ret. $264,000 net pa
• 21 perpetual lease, with 7-year rent reviews
• Rent Review July 2024
108 Great South Road
• 1,563sqm
• Ret. $150,000 net pa
• 21 perpetual lease, with 7-year rent reviews
• Recently renewed in Jan 2022
• Available Separately or Together
• These properties form part of our "Portfolio For the Generations" campaign.
For sale by Tender closing 4pm, Wednesday 20th March 2024. All offers are to be lodged at the JLL offices at Level 16, HSBC Tower, 188 Quay Street, 1010.
Contact the sole agent for more information:
Jonathan Ogg - [email protected] / 021 909 951
Jonathan Lynch - [email protected] / 021 900 611
Kevin Reardon - [email protected] / 021 028 838 25