101 Great South Road, Epsom, Auckland

Prime Mixed Use Land with options

- Modern freehold standalone building on generous Mixed Use land holding
- Strategic double Grammar Zone location with excellent access to motorways, medical precincts, Newmarket and Remuera
- Partly tenanted and under-rented offering vacancy for owner occupiers and rental upside for investors
- Well presented 1980's building with excellent Seismic Rating and on-site car parking

This freehold standalone property is under-pinned by 1,027sqm of Mixed Use land. It is complemented by a solid 1980's building of 791sqm and 20 car parks. One floor is leased to a substantial multi-national tenant, with one level vacant offering options for additional rental income or owner occupation.

The high profile and strategic position offers excellent access to motorways and
surrounding affluent residential suburbs, as well as a number of private schools. This property has strong fundamentals and should appeal to a wide range of purchasers - investors, owner occupiers and future developers should consider this unique opportunity.

Property Details
Floor Area - 791sqm (approx.)
Land Area - 1,027sqm (more or less)
Zoning - Mixed Use
Car Parks - 20

Tenancy Details
Name of Tenant - Luxottica retail New Zealand Limited
Term of Lease - Six (6) years
Rights of Renewal - One (1) further term of six (6) years
Net Rental - $78,500.00 + GST p.a. (excl OPEX)