18 Newton Road, Grey Lynn, Auckland

Affordable City Fringe Investment

- Affordable freehold standalone city fringe investment
- Attractive long term lease to very experienced tenant
- Currently returning $63,654 + GST p.a. (net)
- Built in rental growth of 3% each year
- Sit back and enjoy the cash flow from this one

This straight forward, high profile city fringe investment is an ideal addition to your investment to your portfolio. An attractive lease to an established tenant is in place which features personal guarantees and built in rental growth. It is situated in a premier City Fringe position just a short walk to the vibrant cafe & restaurant precinct of Ponsonby Road and also handy to the CBD and all motorway interchanges.

Both the current zoning and the Proposed Auckland Unitary Plan provides future add value opportunities. This includes additional floor area, additional height and residential conversion potential.

In summary, an affordable City Fringe investment which provides future add value opportunity.