Carparks, they don't make them anymore!


28 Marion Street, Te Aro

By Negotiation

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Carparks, they don't make them anymore! | 28 Marion Street, Te Aro | 3254491 |      X Close
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Carparks, they don't make them anymore!


Held in 10 separate titles and with 6 years remaining on a lease to one of New Zealand's leading carparking operators these 202 carparks provide a great opportunity for forward thinking purchasers.

As more inner city residential is developed without dedicated parking and the availability of vacant sites for used for casual parking become scarce, the demand for purpose-built parks will only increase which is great for the investor.

Those that read the fine print of the existing lease will see that the lease can be split between individual titles and that the landlord can also require the tenant to relinquish parks which opens the door to numerous options for the savvy add value purchaser.

โ€ข 10 separate Titles - Titles can be sold down individually

โ€ข 6-year lease term remaining - Hassle-free investment with the certainty of income

โ€ข Prime location - Ideal to meet demand from nearby park free developments

โ€ข Purpose-built - Spacious and secure

To obtain the information memorandum please register your details at

https://www.propertyfiles.co.nz/28marionstreet_TP2

28 Marion Street, Te Aro

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