302-308 Great South Road, Greenlane, Auckland

Prominent Greenlane investment

• Prime Greenlane position adjacent Countdown to supermarket
• Well maintained buildings with generous on-grade car parking
• Investment hold with medium term redevelopment prospects
• Shorter WALT allows flexibility and opportunity to reposition
• Central isthmus position nearby motorway interchange and rail corridor

The property features two standalone office buildings on a large commercial 5,240sqm (more or less) site. NLA of 3,450sqm (approximately), 100% occupancy and a strong tenant profile, providing a total net income of $1,309,509 p.a.

Buildings have enjoyed a steady upgrade programme over recent years, including building HVAC system, LED lighting, lifts and amenities. Both buildings have an A-Grade seismic rating (100% NBS) with 4.5-star NABERSNZ base building rating to one building and pending on the other.

Providing a medium-term redevelopment opportunity, that is likely to have a mixed use or residential component, to take advantage of the Business Town Centre zone and 24.0m height limit.

For Sale by Deadline Private Treaty
Closing 4pm, Thursday 14th September 2023
Bayleys House, 30 Gaunt Street, Auckland Central, New Zealand

An opportunity to acquire well maintained commercial buildings and assets that have traditionally enjoyed high levels of occupancy and steady rental growth.

For more information, please contact the sole agents.