Grafton Standalone with Proven Tenant

10 Severn Street, Grafton


Download Email
Grafton Standalone with Proven Tenant | 10 Severn Street, Grafton | 1693284 |      X Close

Grafton Standalone with Proven Tenant

- Freehold standalone investment returning $123,989 + GST p.a.

- Established tenant with 4 years remaining on current term

- 374sqm fee simple corner site zoned Business - Mixed Use

- Immaculate showroom/office building with 100% IEP

- High profile CBD fringe location in Double Grammar Zone

Truly one for the bottom drawer. This contemporary standalone property will appeal to anyone looking for a hands-off investment with a proven tenant.

Having occupied the property since 2018, the current tenant has over 4 years to run on their lease term, with a fixed rental increase to $123,989 + GST p.a. in January 2022. The two level showroom/office building is immaculately presented and benefits from a bankable 100% NBS seismic rating.

Consideration should also be given to the future potential of the property, which is zoned Business - Mixed Use and sits in zone for Auckland Boys and Epsom Girls Grammar Schools. A rare freehold standalone investment in a sought after price bracket. Call now for further information.

10 Severn Street, Grafton

Open in map