LARGE KINGSLAND LAND HOLDING

- Large 10,640sqm Business 4 site with 3 road frontages\n- Fully leased to well established tenants\n- Anchor Tenants Express Couriers and Centurion Print have renewed for new six year terms\n- Secure this land holding with a high yielding cashflow of $890,000 +GST p.a. (approx).\n- Holdings of this calibre are rare. This substantial City Fringe investment should not be missed.\n\n11 McDonald Street is offered for sale as a fully leased freehold investment with a significant underlying landholding of 10,640 square metres. Located in Kingsland, close to Mt Albert and Mt Eden, it is surrounded by an established residential population, it has a profile corner position with frontages to McDonald Street and Altham Avenue and a third frontage to Collins Street behind. The property is multi-tenanted providing a net rental of $890,978.00 + GST pa.(approx) Occupants include Express Couriers New Zealand (recently renewed for further 6 year term), Centurion Print (recently renewed for 6 year term), Mr Vintage (new lease in place) and ABC Compliance Limited. \n\nRarely do such well positioned City Fringe properties, with such a substantial underlying landholding become available. This is a genuine hold now and develop later prospect.\n