High yield investment in high growth location


Unit 11, 42 Ormiston Road, Flat Bush

By Negotiation

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High yield investment in high growth location | Unit 11, 42 Ormiston Road, Flat Bush | 1903113 |      X Close
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High yield investment in high growth location


• Well-established tenant ETHC (East Tamaki Healthcare) Services Limited in occupation since 2011 with rights of renewal until 2029

• Freehold modern investment opportunity in superb location

• Within minutes from the amenities of Botany Junction and the soon to be completed Ormiston Town Centre

• Currently returning $164,000pa plus GST and outgoings with fixed rental growth

Situated in the thriving Ormiston Town Centre approximately 20 kilometres south-east of the Auckland CBD; within 10 minutes to Manukau CBD and 25 minutes to the Auckland Airport, the property is well positioned amongst well established businesses and commercial centres alike. This includes Lion Breweries Head Office & operations, Botany Junction Shopping Centre, Ormiston Town Centre and Highbrook business park. Furthermore, the area has been supported by surrounding residential developments of Flat Bush which will be home to at least 40,000 people by 2025

The property has been occupied by the same tenant since 2011 and they occupy other units within the same complex. With a large net lettable area of approximately 492sqm the unit could potentially be split into multiple tenancies in future.

With a pending 2.5% fixed rental review due at the end of this year yield seekers should take advantage of this opportunity. A quality tenant, a modern building amongst new residential and commercial developments must not be missed.

*Boundary lines are indicative only

For more information or to discuss alternative property requirements, please contact the Sole Agents today:

Tony Chaudhary

021 995 121

tony.chaudhary@bayleys.co.nz

Amy Weng

021 177 3422

amy.weng@bayleys.co.nz

Jordan Brown

021 144 9825

jordan.brown@bayleys.co.nz

Unit 11, 42 Ormiston Road, Flat Bush

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