Kihini
• High yield tenanted investment or future owner occupier opportunity
• Currently returning $118,462pa + GST on a renewed 4 year lease from 2022
• Floor area 467sqm with 4 secure car parks
• Long-standing global tenant, Lumify, having occupied the premises since 1996
• Well-located in the heart of Three Lamps, Ponsonby
Offered to the market is a high-yielding freehold opportunity tenanted by Lumify – one of New Zealand’s largest IT training providers. Previously known as Auldhouse (founded in 1988), Lumify holds a strong presence across New Zealand, Australia and Philippines, delivering training to over 20,000 customers per year. Utilised as an education and training centre, the property is currently fitted out with various classrooms, offices and conference rooms.
The property benefits from its excellent location, surrounded by a range of retail, hospitality, office and residential. Three Lamps is characterised as a strategic and tightly-held location with a strong customer base, low vacancy rates, and great accessibility to Auckland CBD and the adjacent suburb of Ponsonby.
Lumify holds an existing lease until 2026 – providing future consideration for the incoming owner to extend this long-standing tenant and enjoy a healthy return, or upon lease expiry – investigate alternative tenant options or explore office/education-based owner occupier opportunities