High Profile Split-Risk Investment
305a, Neilson Street, Onehunga, Auckland City
Price On Application
- Proposed Usage
- Floor Area
- 795.00 m²
- Property ID
Enquire about this property
Enjoying a 65m street frontage to one of New Zealand's busiest roads, this multi-tenanted investment demands your attention.
Comprising approximately 795m², this single level office/retail block is divided into three tenancies returning $120,320 net per annum plus gst. Spraytech, who occupy over half the building have been in occupation at this premises for over 25 years.
Perhaps its most favourable feature is its road exposure to Neilson Street with over 30,000 cars travelling down this busy road every day. High profile premises are in huge demand and shortly supply in the Onehunga area with vacancy lingering around 1%.
With the building being under-rented, and there some scope to cosmetically upgrade certain areas of the building, incoming Purchaser's can look forward to adding value in the future.
Onehunga is one of Auckland’s most sought after locations due to its central locality and close access to both State Highway 1 and State Highway 20. The recent completion of the Waterview Tunnel has created further ease of access to the precinct. Auckland’s CBD is approximately 13kms away, and Auckland’s International Airport is a mere 10km away.
Onehunga is well serviced by a wide selection of amenities in the areas, and enjoys being in close proximity to nearby labour pools with a varied selection of public transport options
Contact the Sole Agents for all due diligence documentation.