City Standalone Investment on Long Lease


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City Standalone Investment on Long Lease

Tenders Close (unless sold prior)

4pm, Thursday 16th October 2014

Maritime Square, Ground Floor

4 Viaduct Harbour Avenue

Auckland, New Zealand

- Character Central City freehold standalone building

- Fully leased returning $189,150 + GST p.a. (net) from established tenant

- SMA 4 Zoning presents future development options

- Profile location close to Queen Street, amenities and motorways

Rarely do well presented character investment properties in the central city become available to market, particularly on an 8 year lease (from March 01 2012). 5 Galatos street comprises a combination high stud showroom / office building which has been refurbished to a high standard. The property offers attractive views over the city and benefits from fantastic natural light. Immediately in front of the property are eight on site car parks.

The property is a short walk to Queen Street and offers proximity to motorways, Ponsonby,

Grey Lynn and Karangahape Road. Zoned SMA 4, future development options include showroom, retail, residential or add more floor area and take advantage of the 15m allowable height level.

Don't miss this Central City stunner. Call now for further information.