The Ultimate Investment - Lessor's Interest
19-23, Kalmia Street, Ellerslie, Auckland City
- Proposed Usage
- Development Site
- Land Area
- 1599.00 m²
- Property ID
â¢ Lessor's interest in three titles, totalling 1,599sqm (more or less)
â¢ Total income $114,400 + GST p.a. with five yearly rent reviews
â¢ Strategic City Fringe position in retail growth location
â¢ Zoned Business - Mixed Use under Auckland Unitary Plan
â¢ The ultimate bottom drawer investment opportunity
On offer is a rare chance to secure the lessor's interest in three high profile city fringe properties, returning a total of $114,400 + GST p.a. and each underpinned by considerable lessee improvements.
The three adjacent properties offer a 20 year perpetually renewable ground lease, each with five yearly rent reviews. The next ground rent review is on 1 November 2020.
The properties are located in a high profile position in a strategic city fringe retail and commercial growth location, just metres from the Ellerslie Train Station and benefit from being re-zoned to Business-Mixed Use under the Auckland Unitary Plan.
These investments truly are the ultimate bottom drawer asset. Sit back and enjoy a steady cash flow, while watching your investment grow as this location continues to flourish. A very rare opportunity, don't miss this one.