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High Yielding Investment 8.44%-Realistic Vendor

Unit E, 419 Church Street East, Penrose

Office Building
dollar

$1,280,000 Plus GST (if any)

Floor area
487m2
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Property details

Listing # 67013637 | Listed on 13 April 2022

Rarely do investments of this nature come available with such a realistic vendor. Unit E, 419 Church Street East, Penrose, offers an outstanding opportunity to purchase a strategically located commercial investment tenanted by a well renowned property company, Southpark Corporation.

Positioned in the popular Penrose industrial area known for its excellent accessibility to wider Auckland only 2 minutes drive to State Highway 1 and just off main arterials Church Street and Great South Road, creating easy access for staff and visitors. 

The first floor North facing unit offers a generous light filled space of 487m2. The modern fit-out includes a functional open plan layout with a welcoming reception area. There are 13 car parks included.

Included in the current lease is a 7% management fee, an additional benefit which purchasers will look at favourably.

If you’re looking for a secure investment in a sought after suburb, all in an affordable price bracket, it’s worth inspecting this rare offering today. 

For further information please contact the sole agents.

Features:

  • Net rental of $107,982 p.a. + GST
  • Generous 487m2 of functional office space
  • Established long term tenant
  • Solid well-presented building with modern fit out
  • Accessible Penrose location close to motorway access
  • 13 on-site car parks
  • Benefit of 7% management fee included

More information: https://www.colliers.co.nz/p-NZL67013637

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