Bayleys Real Estate Ltd
Residential
Commercial
Rural
Property Services
News and EditorialLive Auctions

Albany

E/23 William Pickering Drive, Albany, North Shore

Watchlist
Share
Sold
Slide 1 of 12
1 OF 12
1502299_1.jpg
1502299_2.jpg
1502299_1.jpg
1502299_2.jpg
1502299_1.jpg
1502299_2.jpg
382sqm Floor area

Asking Price NZ$1,710,000

Diversified split risk investment


- Well-presented modern office premises
- High profile site on the corner of William Pickering and Piermark Drive
- The property is split into two separate office tenancies occupied by two tenants
- Diversified income stream with two new four year leases in place
- Currently returning a combined net return of $106,650pa plus GST
- Located in one of the North Shores most desirable commercial precincts

A prime opportunity has presented for an astute investor to purchase a quality office premises for sale as a tenanted investment. This high quality asset is located in Albany a highly sought after central business hub on Auckland's North Shore.

The premises is split into two modern well-appointed tenancies leased out to separate tenants providing a diversified income stream. In addition to the quality fitout, superb location and excellent profile, the property also provides exceptional parking amenity which is increasingly sought after on the North Shore.

With vacancy rates for office at historical lows, limited supply of Greenfield sites and strong population growth on the North Shore demand and accordingly rental growth is likely to continue in the coming years.

Don't hesitate call now to arrange an inspection and secure this attractive property.

Alex Strever

Alex Strever


Commercial North Shore Ltd, Bayleys,
Licensed under the REA Act 2008
Michael Nees

Michael Nees


Commercial North Shore Ltd, Bayleys,
Licensed under the REA Act 2008

Features

Building


Well-presented modern building

IEP


A+ 100% of new building standard

Layout


Two levels of office with combined floor area of approx. 382sqm

Profile


Road front high profile site on the corner of William Pickering and Piermark Drive

Return


Net return of $106,650pa + GST from two tenants