Longstanding Government Tenant

52, Lovegrove Crescent, Otara, Manukau City

Tender

Proposed Usage
Industrial
Floor Area
2744.00 m²
Land Area
6070.00 m²
Description:
Property ID
1c048xb

- 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.

Enquire about this property

Otara Area