492 and 498-500 New North Road, Kingsland, Auckland

Iconic Kingsland investment opportunity

• Split risk investment opportunity - seven established tenants
• Busy New North Road location, well situated within the Kingsland Village and within minutes to the Auckland CBD
• 1,558sqm (more or less) freehold land holding across three titles
• 100% of NBS (New Building Standard) - A Grade IEP rating
• Returning $448,862.80pa plus GST and outgoings

An opportunity for astute investors to acquire a prominent City fringe investment on busy New North Road within the Kingsland Village, the property comprises seven tenancies including Holy Hop Op Bar and Restaurant, Nanny's Eatery (formerly KAGE), Domino's, Techmoto and various others.

Benefitted from its extensive street frontage, the property is returning a contract rent of $448,862.80pa plus GST and outgoings.

With well-established tenants in place, under pinned by the train station and Mt Eden Stadium, the opportunity presents itself for astute and add value investors alike to take possession in a premium location.

For further information, contact the Sole Agents today

Tony Chaudhary
021 995 121
tony.chaudhary@bayleys.co.nz

Janak Darji
021 047 1290
janak.darji@bayleys.co.nz

Dean Budd
022 534 9724
dean.budd@bayleys.co.nz

*boundary lines are indicative only