Blue Chip Tenant with Road Frontage
E5/4, Orbit Drive, Mairangi Bay, North Shore City
Price On Application
- Proposed Usage
- Floor Area
- 234.00 m²
- Property ID
This is an excellent opportunity for an investor looking for a blue chip, secure tenant in a free hold unit and road frontage popular, thriving location.
Unit 5E Orbit Drive is located seconds off popular Apollo Drive housed amongst 9 other similar office buildings which were constructed by Northbridge Properties Limited in 2005. The location sits near its limit for any new building supply as there is slim to none land availability for development.
The tenant currently has a 6 year lease in place with two further rights of renewal remaining being 25th July 2020 and 2026 for six years each and is paying $67,000 plus GST plus outgoings.
- Just under three years remaining on the current lease
- Rental return of $67,000 plus GST & outgoings pa
- Excellent condition
- Road frontage
- 6 carparks
- Blue chip tenant
For Sale By Deadline Private Treaty closing 28th November 2017 unless sold prior
Call the sole agents for more information today.