55 Constellation Drive, Albany, North Shore City

Colliers is proud to exclusively present to the market 55 Constellation Drive which is underpinned by a large 2.445 Hectare site (to be subdivided) for sale by Deadline Private Treaty, with offers closing at 4pm on Wednesday, 31 July 2024 (unless sold prior). 

Perfectly positioned in one of the most popular locations in Auckland is this exceptional opportunity to acquire a significant development or add value property with excellent fundamentals.  

Currently home to two long term tenants, this offering features net annual income of $1,643,207 pa + GST with final lease expiries in December 2029.

Current buildings comprise:

• 6,705 sqm  industrial office/warehouse returning $1,107,027 pa + GST
• 2,133 sqm  industrial office/warehouse returning $434,780 pa + GST
• 2,909 sqm 2 level carpark building returning $101,400 pa + GST

Situated in an elevated position right next to Gilmours, Candida Office Park, Constellation Drive Park and Ride, and the Northern Motorway Upper Harbour on-ramp, this sensational opportunity really does tick all of the boxes and must be seriously considered. 

Call the Sole Agents now for further details or to register your interest by 31 July 2024 (unless sold prior).

Janet Marshall 021 684 775, Shoneet Chand 021 400 765 and Matt Prentice 021 464 904.

Features:

* 2.445 Ha Freehold title (to be subdivided)

* General Business Zoned land

* Combined net income - $1.64M pa + GST

* Significant improvements - NLA 8,838 sqm (approx.) + carpark building

* 2 Tenants plus carpark building income

* Final lease expiries December 2029

* Dual access from Constellation Dr & Parkway Dr

* Suitable for investors, occupiers or developers

* Sole Agency – call now to register your interest