• High-profile trophy building on the market for the first time in 30 years
• Fully-leased returning $140,411pa + GST and outgoings from five long-term tenants
• Split-risk investment with huge upside
• Favourable seismic rating of 82% NBS
Positioned on the corner of Great South Road and Station Road in the centre of Manurewa, this multi-tenanted site presents a prime investment opportunity.
The property has always had full occupancy, and with low vacancy rates in Manurewa this means there is always good tenant demand. The building is close to the train station, receives excellent foot traffic from nearby Southmall shopping centre, has generous public car parking nearby, and is within a residential catchment - all features which point to a vibrant trading environment. Time for a new owner to tidy up the leases and move the property into the next phase of its life.
The vendors' family trust has owned the property for three decades and has decided it is time to liquidate their interest which has created an opening to acquire this trophy building.
Geoff Wyatt
021 982 322
Peter Migounoff
027 492 0788
Piyush Kumar
027 410 4750