PRICE RANGE $2,000,000 - $2,500,000

10, Severn Street, Grafton, Auckland City

Tender

Proposed Usage
Retail
Floor Area
449.00 m²
Description:
Property ID
1c09ngm

Nowadays it is so hard to find a commercial investment in the fringe city that is a contemporary built structure. With 10 Severn Road not only do we have a 1985 building on offer but we have a brand new 6 year lease with 2 x 4 year rights of renewal. Even better still the tenant has been in business since 1955 and in this property since construction.

This is a profile corner site and an easy to access fringe city location. The building started life as warehouse and office but has evolved with the needs of the tenant to a more commercial feel with showrooms and offices. Presentation inside the ground floor showroom is excellent, as is the staff working environment on the upper floor. With an upper floor sky bridge we have a big building feel in a smaller property.

This is one of the best mid-sized tenanted investment properties to come on the market this year.

• New 6+4+4 year lease. Set reviews and Bank Bond guarantee
• Income $116,872 pa net + GST
• Corner site of 374m²
• Mixed Use zone, 18 metre height potential.
• Contact the agent for a full Information memorandum

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Grafton Area