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Please contact the sole agents for the asking price.
Presenting an exceptional entry level investment opportunity: a brand new property in Henderson, Auckland, available for purchase by Deadline Private Treaty, closing at 4pm on Wednesday, 31st July. On offer is a ground floor tenancy suitable for retail or office use, but currently tenanted by Leehan Construction Limited who originally developed this property. This newly constructed complex, Plus Pacific Tower, was completed in late 2022 and stands prominently on the corner of Great North Rd and Buscomb Avenue.
The design is based on a limited palette of materials consisting of dark grey metal panels and white-painted concrete. Timber, inset within the apartments’ winter gardens, provides an overall softening to the exterior finish. The choice of materials and quality detailing also cleverly conceals the building’s services. The fifteen-storey building features three retail spaces at ground level, complemented by 67 one and two-bedroom apartments in the tower above.
The unit is currently yielding an annual return of $43,260 + GST, with a 6-year lease in place that includes one right of renewal for an additional 6 years. The lease includes fixed annual increases of 3% and a market review upon renewal, ensuring stable and growing returns.
For more information or to book a viewing, contact our West Auckland experts today! Don’t miss this prime investment opportunity in a sought-after location.
Features:
* Brand new building
* 6 year lease
* Returning $43,260 net p.a + GST
* Guaranteed 3% annual uplifts
* High visibility and exposure location