486 New North Road, Kingsland, Auckland

Trophy character investment in Kingsland

• Fully leased with split-risk income of $310,239.86 + GST p.a. (net).
• Strong WALT of 5.9 years (approx) across multiple tenancies.
• Iconic character building - originally the Kingsland Theatre.
• Seismically strengthened and thoughtfully refurbished.
• Strategic growth location near CRL-connected Kingsland Station.

This exceptional freehold investment offers a rare chance to secure a fully leased, high-profile character building in the heart of Kingsland Village. Originally the Kingsland Theatre, the property has been extensively strengthened and refurbished, blending rich history with modern functionality.

Anchored by a diverse mix of tenants including a digital billboard, it delivers a split-risk net income of $310,239.86 + GST p.a. with an impressive weighted average lease term (WALT) of 5.9 years (approximately), ensuring long-term income security.

Positioned in one of Auckland's most dynamic city fringe locations, the property benefits from proximity to the Kingsland Train Station, which will be further enhanced by the opening of the CRL. Moments from Eden Park, this vibrant precinct continues to experience strong growth, underpinned by favourable zoning that encourages future intensification.

An ideal opportunity for investors seeking a trophy asset with strong tenant covenants, attractive character features and outstanding location fundamentals.

Phil Haydock
021 192 2233
phil.haydock@bayleys.co.nz

James Were
021 740 032
james.were@bayleys.co.nz