Longstanding Government Tenant
52, Lovegrove Crescent, Otara, Manukau City
- Proposed Usage
- Floor Area
- 2744.00 m²
- Land Area
- 6070.00 m²
- Property ID
- Leased by the Ministry of Social Development returning $350,132pa net + GST
- Tenant in occupation since 2006 with options until 2028
- Features two interconnecting buildings, firstly, a two level office building with basement car parking and secondly, a single level office building
- Large 6,070sqm freehold land holding with a low site coverage
With an undoubted tenant providing substantial income, this underutilised property provides plenty of development upside in the future.
Expect a good return.