Fully Leased Newmarket Investment

60 Broadway, Newmarket


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Fully Leased Newmarket Investment | 60 Broadway, Newmarket | 1692221 |      X Close

Fully Leased Newmarket Investment

• Multi-tenanted 854sqm two-level standalone in high-profile Newmarket position

• Fully leased to established businesses on long leases returning $370,058 p.a. (net)

• Well-presented, seismically strengthened building with great profile to Broadway

• Strategically positioned 455sqm freehold site with Metropolitan Centre zoning

• An attractive investment opportunity that ticks all the boxes, call now!

This two-level freehold standalone property is in a strategic growth location on Broadway in the popular city fringe suburb of Newmarket, moments from the Newmarket Train station. Surrounded by some of New Zealand's wealthiest suburbs and less than two kilometres from Queen Street, it is one of Auckland's most sought-after retail and office precincts.

It has been extensively refurbished and seismically strengthened (67% NBS). Fully leased, it returns approximately $370,058 + GST p.a. (net) from a mix of well-established businesses on long-term leases with fixed annual increases.

The building is underpinned by 455 square metres of Metropolitan Centre zoned land with the added benefit of being within Double Grammar School zone, highly valuable to the future development potential.

The investment you have been waiting for. Sit back and enjoy the cash flow.

60 Broadway, Newmarket

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