19 Wellington Street, Howick, Manukau

Tenanted Investment with Future Options

- 1,012sqm freehold site in strategic Howick location very near to the Village
- Currently returning $207,901 p.a. from two established tenants
- Three level 887sqm building with A Grade IEP rating and basement parking
- Favourable Business - Mixed Use zoning

Favoured with instructions from the vendors Bayleys are please to offer for sale, this well-located freehold property in close proximity to the vibrant Howick Village commercial retail and hospitality precinct with excellent frontage to Wellington Street and surrounded by a mix of residential and commercial properties and offering ease of access to a number of surrounding residential precincts including Mellon's Bay, Buckland's Beach, Halfmoon Bay, Cockle Bay and Whitford amongst others.

The existing three level well-presented building enjoys an A Grade Seismic rating and offers approximately 887sqm of floor area with significant basement parking, accessed from Wellington Street.

The property is currently returning $207,901 plus GST and outgoings (with rental growth potential) from two established tenants including Westpac Bank on the ground floor (who renewed their lease in 2021). Full tenancy details are available to interested parties upon request.

19 Wellington Street offers a significant and rare opportunity for a range of purchasers including investors, future developers, and future occupiers in this aspirational and well established tightly held East Auckland location.

For sale by negotiation, with all inspections strictly by appointment.

Call the sole appointed agents now to receive further details on this highly desirable property investment.

Mike Adams
021 977 527
mike.adams@bayleys.co.nz

Greg Hall
021 023 21884
greg.hall@bayleys.co.nz

Dave Stanley
021 326 820
dave.stanley@bayleys.co.nz