• Large freehold corner site held in two individual titles
• Two fully leased standalone warehouses returning $307,934pa + GST
• Positioned in key growth location, close to motorways and public transport
• Versatile opportunity for investors, land bankers and potential occupiers
The opportunity to secure a high-profile investment in a key growth location.
3 Rankin Avenue offers a large 1,625sqm freehold site comprising a refurbished, high-stud warehouse plus office with three roller doors and 22 carparks. The property is fully leased on a new five-year term, returning $165,000pa + GST.
5 Rankin Avenue offers a 1,737sqm freehold site, comprising an established supermarket with 17 carparks, fully leased, returning $142,934 + GST. With a demolition clause in the existing lease, the property allows for a range of future development options.
Surrounded by a mix of major retail and commercial entities, the properties are walking distance to the main arterial of Great North Road, close to LynnMall Shopping Centre, New Lynn transport station and a range of amenities.
Buy one or both - call now for information.