7-9 Campbell Road, Royal Oak, Auckland

City fringe freehold - income with upside

Key features:
• Freehold 380sqm (more or less) site with 336sqm (approximately) building
• Returning $102,304pa + GST net per annum with 2.5% fixed annual increases
• Long-term lease to First National Real Estate through to 2038
• Recently upgraded with a new roof, reducing near-term capital expenditure
• Business - Town Centre zoning within a well-established, high-activity location

Positioned in the heart of One Tree Hill, 7-9 Campbell Road presents a well-located freehold opportunity.

The property comprises a 380sqm (more or less) freehold site, improved by a 336sqm (approximately) single-level building. It is currently leased to First National Real Estate Limited, providing secure, long-term income with lease rights extending through to 2038.

The asset offers a reliable income stream with built-in growth. Recent improvements, including a new roof, further enhance the property and minimise near-term capital expenditure.

The property benefits from flexible planning controls, allowing for a range of future uses including retail, commercial, or potential intensification over time.