Rarely does an opportunity present itself to secure ownership of the ground lessor's (freehold) Interests in such a highly desirable location.
JLL, as exclusive agents, are pleased to present this exceptional investment in the ground lessor’s interests located in the heart of bustling Newmarket and Remuera, as part of our 'Portfolio for the Generations' offering. 112-116 Great South Road consists of two, linked neighbouring titles creating a combined landholding of 3,329sqm approx, with a successful motel occupier (Best Western) operating across both titles on one lease.
Key features include:
• Two Neighbouring Freehold titles
• 3,329sqm Combined land area
• ADSL Lease, registered on title.
• One lease for both titles
• 30 year initial lease term, starting July 2023 with ROR
• Ret. $400,000 + GST + Opex
• Zoned Business - Mixed Use
• Hands-off investment with 'little-to-no' CAPEX
• Tightly held location
• Double Grammar zoning
These properties form part of our overall "Portfolio for the Generations" campaign
For sale by Tender closing 4pm, Wednesday 20th March, 2024. All offers are to be lodged at the JLL offices at Level 16, HSBC Tower, 188 Quay Street, 1010.
Contact the sole agents for more information:
Kevin Reardon - [email protected] / 021 028 838 25
Jonathan Lynch - [email protected] / 021 900 611
Jonathan Ogg - [email protected] / 021 909 951