High Quality Tenanted Investment

C/5, Jack Conway Avenue, Manukau, Manukau City

$2,100,000

Proposed Usage
Industrial
Floor Area
470.00 m²
Land Area
470.00 m²
Description:
Property ID
1bs34hr

• Unit title on freehold corner site offering substantial exposure
• Modern, low-maintenance premises
• Two long-standing and well-established tenants returning $130,000pa plus GST plus Outgoings
• Total floor area 471sqm (approx) - ground floor 230sqm and first floor 241sqm with carparks
• Attractive Manukau CBD location close to key transport routes

The opportunity to secure a long-term tenanted investment in sought-after Jack Conway Ave awaits. The well-presented first floor office is tenanted by an established international business. Both tenants have long-term leases providing income security for the new owner. The First Floor tenant, Bartercard New Zealand has a 8 year lease, commencement date of March 2013, with two (2) x four (4) years rights of renewal with a net rental of $50,000 plus GST and outgoings. Ground floor tenant, Gordy's Bar & Gaming Lounge has an 8 year lease, commencement date December 2016, with three (3) x four (4) years rights of renewal, with a net rental of $80,000 plus GST and outgoings.

Whether you are a savvy investor adding to your portfolio, or a first time commercial investor wanting independent ownership, this properly ticks all the boxes.

Don't delay, contact us today to view the property.

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Manukau Area