12 Kent Street, Newmarket is a coveted, fully tenanted, standalone investment located in one of Auckland’s most favoured city fringe areas. This property presents a prime opportunity to secure a fully leased investment with longstanding tenants.
Situated on a 759m2 (more or less) freehold title with approximately 1,400m2 of net lettable area split across four levels, generating a net annual income of approximately $652,244 + GST + OPEX.
Zoned Metropolitan Centre Zone, this is a high density commercial and mixed-use area designed to accommodate a good mix of retail, office, and residential developments. The zone encourages vertical development, allowing for taller buildings and mixed-use projects. Newmarkets strategic location to the city and excellent transport links are all things that contribute to the growing popularity as a vibrate and diverse city fringe area.
To be sold via Deadline Private Treaty, closing Wednesday 26th March 2025, 4pm (unless sold prior).
Contact Adam or David today to arrange a viewing or for further information.
Interactive Virtual 3D Tour: https://realsee.ai/JVLLan56
Features:
* Freehold Building: 1,409sqm of net lettable area.
* Attractive Net Income: A diverse fully leased income stream of $652,244 p.a + GST + OPEX.
* Significant Amenity: Within walking distance including numerous popular restaurants, bars, gyms and Westfield Shopping Centre.
* Commercial Hub: Located amongst the thriving commercial hub of Newmarket.
* Recently Refurbished: Highly attractive, modern workspace.
* Seismic Rating: As of July 2019, the building has an ISA of 85% NBS, offering structural integrity and stability.
* Flexible Zonin:g The Business Metropolitan Centre zone offers height and scope for many potential uses including residential, commercial, retail or other mixed use options.