With a combined site area of 4,437m² and with a approx NLA of circa 6,157m², 160 Grafton Road presents a unique opportunity in a rapidly gentrifying part of Auckland’s CBD fringe.
The property is a substantial 4-level office building which is 100% leased to Auckland District Health Board now part of Te Whatu Ora Health NZ who are paying $2.5m + GST per annum (approx). Adjoining the office building is a substantial car parking building with 196 carparks (approx) which also has direct access from Arawa Street.
The property has dual frontage Arawa Street and a dominant frontage onto Grafton Road. 160 Grafton Road is within walking distance to Grafton Train Station, a 250-metre drive to Auckland’s motorway system, 1.3km to Broadway Newmarket, close to Auckland Hospital (being the tenant) and a seven minutes drive to Auckland’s Central Business District. This really is an outstanding, future-proofed location.
160 Grafton Road is offered for sale by Negotiation.
Features:
* 6,157m² total office NLA
* 4,618m² carpark building (196 carparks)
* 4,437m² total site area
* $2.5m net income per annum (approx)
* Substantial rental growth including CPI & fixed
* Business Mixed Use zoning
* 100% Leased to Te Whatu Ora - Health NZ (previously ADHB)
* Located between Auckland CBD and Newmarket, Grafton Train Station & motorway access
* Further development potential