Investment with Option for Longer Lease Term

J/39, Apollo Drive, Albany, North Shore City

Auction

Proposed Usage
Office
Description:
Property ID
1c12gdm

- Well-established long-standing tenant who will extend lease term if required by purchaser
- Attractive ground floor end unit
- Current net rental $34,600 pa + GST
- Part of an established, prominent commercial development
- Zoning - General Business Zone

This superb modern ground floor commercial office investment won't disappoint.

Situated within a modern office development, in one of Albany's most desirable commercial precincts, this is a proven location making for a strong investment choice.

The office itself incorporates a highly desirable layout with a functional mix of private offices, meeting rooms, open plan area, kitchenette and toilet amenities, is air-conditioned and alarmed.

The tenant's lease runs to May 2019 and they're keen to stay. The door is open for purchasers to accept a short-term or longer-term income stream from the investment, whichever suits.

With vacancy rates at historical lows in the area and a sitting tenant wanting to extend their lease term if required by the purchaser this 'gem' of an opportunity must sit at the top of the list for both owner occupiers and investors.

Property Details
Floor Area: 130sqm
Car Parks: 4 on site exclusive use car parks

Tenancy Details
Name of Tenant: Power Systems Consultants Limited
Lease Expiry: May 2019 with option of a further three years at the purchaser's discretion
Net Rental: $34,600 pa + GST

Full tenancy details are available upon request.

For sale by Auction (unless sold prior)
11am, Wednesday 7 March 2018
Bayleys House, 30 Gaunt Street
Auckland Central, New Zealand.

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Albany Area