113 Grafton Road, Grafton, Auckland

City Fringe Investment with Rental Upside

- Strategically located commercial investment opposite the Auckland Hospital
- Fully leased returning $195,000 net + GST p.a. to well established tenant
- A well presented 1980s building with excellent onsite carparking and street appeal
- Fantastic investment opportunity with good rental growth likely at February 2016 rent review (currently approximately $151/sqmm)

113 Grafton Road offers a modern, fully leased building to a well established tenant. Strategically located opposite the Auckland Hospital and moments from the CBD and motorways. Currently returning $195,000 net + GST p.a. with future rental growth. Boasting 1,014sqm with twenty car parks this property represents a superb investment opportunity with significant rental growth likely at February 2016 review.

Property Details:
Floor Area - 1,014sqm
Zoning - Mixed Use
Car Parks - 19

Inspection time this Thursday 12.30 - 1.15