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• High profile freehold corner site in one of Auckland's tightest held suburbs
• Immaculately presented with established anchor tenancy
• Returning a diversified income stream of approximately $209,250pa + GST
Jupiter House situated at 6-8 Milford Road presents a rare opportunity to purchase a sought after corner site in the North Shore Suburb of Milford.
The property which has been lovingly maintained by a local landlord for the last decade produces an income stream diversified across multiple tenancies including both retail and office in a Milford sub market with extremely low vacancy rates providing a countercyclical asset in a premium location. Given the position of the current leases an opportunity also exists for an owner occupier to occupy part of the first floor.
Milford has a high socio economic demographic and boasts some of the North Shore's finest residential homes that occupy this spectacular coastline which underpins the residential desirability of the area. Given these attributes the area has seen significant redevelopment of upmarket townhouses and apartments adding to the bustling neighbourhood and increasing the value of the tight commercial township.