COMMERCIAL INVESTMENTS RETURNING $210,232

4-5, Kitson Place, Saint Johns, Auckland City

Tender

Proposed Usage
Industrial
Floor Area
1012.00 m²
Land Area
2368.00 m²
Description:
Property ID
1bqbkkt



Rare opportunity in St Johns for an Investor to purchase two freehold buildings next door to each other, fully tenanted.

The two buildings sit on their own individual titles and have their own lease agreements - currently returning $210,232.00 net pa + outgoings + gst between them.

The properties can be purchased as a pair or individually.

The current lease terms run for over 3 years, the tenant then has two rights of renewal of 4 years each.

This is one of the highest growth areas in central Auckland, with several large residential developments in close proximity.

St Johns has always been a highly contested industrial zone, buildings rarely come up for sale or lease, making this a truly unique opportunity with minimised vacancy risk.

The buildings span a large frontage down one side of Kitson Place, giving the site future development potential.

Favourable lease terms with potential rental upside.

The properties will be sold by Tender, which closes on  the 14th of September 2016.

Call now for more information!

Enquire about this property

Saint Johns Area