2 Sutton Crescent, Papatoetoe, Manukau

Dual Income Investment

-Two separate income streams
- Established tenants
- Returning $98,000.00pa + GST & Outgoings

This solid, two storied property located in popular Papatoetoe offers to both astute and
entry level investors a great opportunity to obtain a dual income asset for their portfolio.
Tenanted by two well established businesses, situated next to Hunters Plaza, walking
distance to Great South Road, public transport and easy access to the southern motorway contribute to this property's undeniable location and desirability.
Make sure you check out this great opportunity.

Property Details
Floor Area 700sqm (approximately)
Land Area 675sqm (approximately)
Zoning Business 2
Car parks 15 onsite

Tenancy Details
Name of tenant: Oticon NZ Limited
Term of Lease: Two (2) years & one (1) day
Commencement Date: 31st January 2015
Rights of renewal: One (1) of two (2) years
Net Rental: $52,500pa + GST & Outgoings

Name of Tenant: Manukau Academy Limited
Tearm of Lease: Five (5) years
Commencement Date: 21st January 2015
Rights of Renewal: Two (2) of five (5) years
Net Rental: $45,500pa + GST & Outgoings

Auction (unless sold prior)
11am, Wednesday 12th August 2015
Maritime Square, Ground Floor
4 Viaduct Harbour Avenue
Auckland, New Zealand