9 Rose Road, Ponsonby, Auckland

Ponsonby pearl: long lease + development upside

• Immaculately presented investment property in a tightly held Ponsonby enclave
• High profile, freehold 986sqm corner site, zoned Business - Town Centre (18m)
• Strategic location, just metres from Ponsonby Road and close to amenities
• Fully leased to a multinational tenant on a renewed six-year lease term, returning $339,500 + GST p.a. (net)
• A trophy asset that will appeal to developers, investors and land bankers alike

A rare opportunity to acquire an asset of this quality and scale in a prime Ponsonby location. The property is fully leased to established multinational company Petstock, who have shown their commitment to this location by taking a renewed 6 year term. Along with this strong tenant covenant, the lease also provides potential for developers, with redevelopment provisions allowing for development of this prime freehold, corner site.

Situated in the heart of Ponsonby, Auckland's premier shopping and dining precinct, the property offers convenient access to transport links, amenities and a short walk away from Auckland CBD.

Whether as a bottom drawer trophy asset, unmatched development site or long term land bank, 9 Rose Road is a once in a lifetime opportunity that ticks all the boxes!

Don't miss this opportunity - call now for further information.