48 Portage Road, New Lynn, Waitakere

Tenanted Investment - Sought After Opportunity

- Currently returning $62,500 + GST p.a. from a high profile tenant
- 1,012sqm standalone freehold site in an excellent location
- New four year lease term from 1 October 2016 with ROR and built in rental growth
- Solid existing building of approximately 532sqm with excellent exposure and outside car parking
- Recently completed positive IEP Report
- A highly sought after and growing Auckland precinct

An opportunity to purchase a standalone freehold investment property such as this, seldom arises in today's market place. Located within the highly popular and fast growing New Lynn area, this property enjoys high profile on Portage Road and is surrounded by a mix of commercial and retail properties, and offers close proximity to Lynn Mall Shopping Centre and Mitre 10.

A new four year lease term to the established tenant Plumbing World, with built in rental growth, will ensure this property will appeal to a range of astute investors.

All viewings by appointment.

For Sale by Auction 11am, Wednesday 8th March 2017
Bayleys House, 30 Gaunt Street, Auckland Central