The Ultimate Investment - Lessor's Interest

19-23, Kalmia Street, Ellerslie, Auckland City

Tender

Proposed Usage
Development Site
Land Area
1599.00 m²
Description:
Property ID
1bt1ycy

• Lessor's interest in three titles, totalling 1,599sqm (more or less)
• Total income $114,400 + GST p.a. with five yearly rent reviews
• Strategic City Fringe position in retail growth location
• Zoned Business - Mixed Use under Auckland Unitary Plan
• 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.
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Ellerslie Area