Investment and or Development Property

Sought after corner site on Stock Street and Drury Street being 809m2 divided into two tenancies returning $53,000 pa. In the heart of New Lynn's "auto zone" the area services the local retail and trade market with a wider trade base. Leave well alone as an investment or plan for a future development in the next few years.


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Main Property Features

Listing Number: MAE5394

Approx Floor Area:
380 sqm
Property Type:
Warehouse, Other (Industrial)
Approx Floor Area
  • Warehouse Square Metres: 380
Property Details:
Tenanted Investment
Tenure:
Fee Simple
OPEX $:
TBA
Tenancy:
Total rental if more than 1 tenancy $ (+ GST): 51000.00
Tenancy 1:
Area Sqm: 147 m2, Expiry Date: 01 June 2020, Rental net/gross p.a.: $51,000 net, Review Dates: nil, Rights of Renewal: nil, Tenant Name: Head lease, Term (years): 1.5
Tenancy 2:
Area Sqm: 86 m2, Tenant Name: Sublease
Tenancy 3:
Area Sqm: 178 m2, Tenant Name: Sublease
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Licensed REAA 2008

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Harcourts Mt Albert

JK Realty Group Ltd

Licensed REAA 2008

4 Mt Albert Road
Mt Albert
Auckland
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Property Location