THE INVESTMENTS YOU'VE BEEN LOOKING FOR!
4,5, & 10 Kitson Place, Saint Johns, Auckland City
- Proposed Usage
- Floor Area
- 3663.00 m²
- Property ID
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On offer are three industrial buildings on Kitson Place, occupied by a long established tenant. The properties are to be sold by tender, and can be purchased either individually, in pairs or all together.
The primary tenant, C&F Trade Pressers are currently on a 5 year term over all properties, with just over three years to run on their current term and two rights of renewal to follow. 4 & 5 Kitson Place are situated directly next door to each other, with 10 Kitson Place sitting directly over the road.
St Johns is arguably Auckland’s highest growth central city area, and one of the most tightly contested commercial property zones. Due to it’s proximity to the Eastern suburbs and it’s limitation in size, St Johns has almost no vacancy year round and properties rarely make it to the open market.
All three of the properties will be sold fully tenanted by C&F Trade Pressers Limited, plus a small additional tenancy within 5 Kitson place, occupied by NZT Fashions Limited. The total net income over all properties is $258,233 + outgoings + gst.