Two Adjoining Investments on 3 Freehold Titles


96 Onehunga Mall, 98 Onehunga Mall and 53 Neilson Street, Onehunga

By Negotiation

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Two Adjoining Investments on 3 Freehold Titles | 96 Onehunga Mall, 98 Onehunga Mall and 53 Neilson Street, Onehunga | 1690330 |      X Close
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Two Adjoining Investments on 3 Freehold Titles


•3 standalone freehold sites with excellent exposure and frontage

•2 x separate and well established automotive related tenancies

•Total combined net income of circa $183,000 + GST p.a.

•Favourable Mixed-Use zoning in a strategic location

•Total land area of 1,630sqm (more or less)

On behalf of the vendors who have held these adjoining properties for many years, Bayleys are now proud to offer these properties for sale by way of Price by Negotiation.

This unique offering is for the 3 properties identified as 96 Onehunga Mall, 98 Onehunga Mall and 53 Neilson Street.

96 Onehunga Mall is a standalone freehold site of some 552sqm with substantial improvements with an established tenant currently returning approximately $62,790 (inclusive of outgoings) plus GST per annum.

98 Onehunga Mall and 53 Neilson Street offers 2 separate freehold titles with land areas of 555sqm and 523sqm respectively with separate but currently interlinked existing building , with the property at #98 Onehunga Mall containing an upstairs 2-bedroom apartment. These 2 properties are leased to a single tenant (inclusive of the apartment), and currently returning $128,000 per annuum (plus GST and outgoings).

Full details of the relevant lease terms and further property details are available upon request from the sole appointed agents.

This offering represents a rare opportunity to acquire such significant freehold land holdings in this sought-after growth location, with the benefits of well-established tenants, excellent exposure and favourable Business - Mixed Use zoning.

All viewings are strictly by appointment, call now.

96 Onehunga Mall, 98 Onehunga Mall and 53 Neilson Street, Onehunga

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