SOUND MID TERM HOLDING INCOME

2, Kingsland Terrace, Kingsland, Auckland City

By Negotiation

Proposed Usage
Office
Floor Area
1250.00 m²
Description:
Property ID
1bz48lk

If there is one overriding criteria of investors who prefer the City Fringe as an investment location, it is that they want an "end game" with their investment. They want to see the purchase price underwritten by a realistic land value, a land & building value that correlates, an income that provides a yield that is realistic given current market conditions, but most of all a logical growth path with the property.

That growth may be via natural rental growth, rental growth as a result of repositioning in the market, or simply a site that has the basic fundamentals of great location. This property in the centre of Kingsland on the northern slopes has it all. With a mid term lease profile it will appeal to Investors, Owner Occupiers, Developers

• Auckland Unitary Plan zoned Business - Mixed Use
• Land area 940m²
• Building area 1,290m² approximately
• Three level structure built in the early 1980's
• Multi tenant income of approximately $165,000 p.a. net + GST
• Borders Nixon Park on its northern side
• 100 metre walk to central Kingsland Village
• A site that is approximately half built over
• The location is a real growth hot spot for intensive urban living with three nearby developments coming on stream from August this year

Enquire about this property

Kingsland Area