Rarely does an opportunity present itself to secure ownership of the ground lessor's (freehold) Interests in such a highly desirable location.
The team at JLL are proud to present this exceptional investment in the ground lessor’s interest located in the heart of bustling Newmarket and Remuera, as part of our 'Portfolio for the Generations' offering. 248 Great South Road presents an attractive & affordable 1,012sqm land parcel comprising a predominantly residential dwelling of approximately 266sqm with a large garage at the rear.
Key features include:
• 1,012sqm Freehold title
• Lessee Interest registered on title.
• 21 year lease to perpetuity with concurrent rent reviews
• Next Rent Review 2025
• Ret. $45,000 net pa
• Zoned Residential - Terrace Housing & Apartment Building
• Hands-off investment with 'little-to-no' CAPEX
• Tightly held location
• Double Grammar zoning
These properties form part of our overall '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:
Kevin Reardon - [email protected] / 021 028 838 25
Jonathan Lynch - [email protected] / 021 900 611
Jonathan Ogg - [email protected] / 021 909 951