Mt Albert
22B Willcott Street, Mt Albert, Auckland
+9
Lessor's interest opposite Mt Albert train station
• Lessor's interest investment returning $225,000pa + GST
• Over 10 years remaining on current term with next ground rent review in 2028
• Strategic Mt Albert position, opposite train station and the Mt Albert Village
• 2,047sqm (more or less) site zoned Business - Mixed Use
• Underpinned by substantial lessee improvements & future intensification potential
On offer is a rare chance to secure the Lessor's Interest investment in a strategic location, just metres from the Mt Albert Train station and the New North Road retail strip. The property benefits from a 20-year ground lease (from 2018), with five yearly market ground rent reviews with the next review in 2028.
The Lessee's improvements on the site comprise a mixture of an established Childcare Centre (licensed for 90 children) and warehousing, further solidifying the value proposition of this hands-off investment.
Passive investments of this calibre seldom come to the market. Don't miss this opportunity, call now for further information.
Damien Bullick
Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008
Alan Haydock
Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008
Features
Add value
Lessor's interest investment returning $225,000pa + GST
Occupancy
Over 10 years remaining on current term with next ground rent review in 2028
Location
Strategic Mt Albert position, opposite train station and Mt Albert Village
Zoning
2,047sqm (more or less) site zoned Business - Mixed Use
Have your questions answered
Our agents are experts on all things in the property market, if you haven't found what you're looking for, please enquire with the listing agent now to have all of your property questions answered.
Request more information
Contact us and have your questions answered.