Otara
25 Bairds Road, Otara, Manukau
+16
Government tenant - secure income
Key features:
• Long-term lease to His Majesty the King - commenced 2012
• Returning $585,238.40pa gross + GST, with fixed three-yearly increases
• Well-presented tenant in a custom-fitted property
• Astute investors seeking Crown-backed assets must investigate
• Standalone 1,065sqm building on 4,502sqm of freehold land
This modern property leased to the Department of Corrections is being offered for sale, presenting a rare opportunity to acquire a freehold investment underpinned by His Majesty the King as tenant.
The building comprises an immaculate office fit-out and boasts sixty-five (65) car parks. Having been in occupation since 2012, the tenant is well entrenched with good tenure remaining, including further renewals.
Located just south of the Highbrook off-ramp and close to DB Breweries, this established industrial/commercial precinct is a growth catchment with future upside.
Greg Hall
021 023 21884
greg.hall@bayleys.co.nz
Paul Steele
021 494 111
paul.steele@bayleys.co.nz
2 Harris Road, East Tamaki, Auckland
Sep
2pm
Greg Hall
Bayleys Real Estate Ltd, South Auckland,
Licensed under the REA Act 2008
Paul Steele
Bayleys Real Estate Ltd, South Auckland,
Licensed under the REA Act 2008
Features
Occupancy
Returning $585,238.40pa gross + GST
Lease
Long-term lease to His Majesty the King - commenced 2012
Parking
Sixty-five (65) car parks
Location
Just south of the Highbrook off-ramp
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