• Well-presented office/warehouse investment in a tightly-held mixed use enclave
• New four-year lease to multinational tenant returning $184,069pa + GST
• Underpinned by 636sqm fee simple land, zoned Business – Mixed Use
• Bankable 120% NBS seismic rating
• Bottom drawer investment, future occupation or development proposition
This freehold Freemans Bay investment ticks all the boxes. Offering a total of 684sqm of well-presented office and warehouse accommodation plus ten secure basement car parks, this flexible building is highly appealing for a range of uses. The property is fully leased to a multinational tenant on a four-year term returning $184,069pa + GST with fixed growth throughout. Termination provisions in the landlord’s favour also provide options for occupiers and developers.
Underpinned by 636sqm of Business – Mixed Use land, the property is located a short walk from Victoria Park and Ponsonby Road. The property also offers considerable future add-value either through the addition of further levels on to the existing building, or full redevelopment of the north-facing site.
A rare opportunity in a tightly held precinct, call now for further information.