Secure the Winning Ticket!

- Opportunities here for investors, add value investors/developers and owner occupiers\n- Well-appointed 3-level office building, extensively upgraded in 2005- Large freehold landholding of 1,875 m2 (more or less)\n- Favourable Mixed Use zoning offering a wide range of permitted activities, including residential, offices and retail plus provides potential for additional floor area\n- Sought after, high profile position very close to main arterials, Newmarket and the CBD- Fully leased to the New Zealand Lotteries Commission (NZLC) providing net income of $699,240 pa + GST\n\nThe NZLC building is presented to the market fully leased, providing a net rental of $699,240 + GST p.a. This offering represents an opportunity that must be considered by all passive investors. Add-value investors, should also investigate the possibility of alternative uses, such as ground floor retail and growth of the current rental income. Opportunities also exist for potential owner occupiers wanting a new headquarters and seeking to capitalise on the benefits that are emerging within this location and the efficiencies that this location offers. \n\nStrategically located, high profile holdings of this calibre are becoming decreasingly available on the open market. The suburb of Grafton, one of Auckland's oldest business precincts, is a central and extremely convenient location. High profile business activity predominates along Khyber Pass Road, a main arterial route linking Newmarket to Auckland's Central Business District. Grafton also offers easy access to all motorway systems. It is a proven commercial location and is underpinned by the presence of the Auckland Hospital, Medical School and the Auckland University.\n\nIn recent years there has been increasing activity in the precinct with the addition of a major new residential and commercial buildings, refurbishment of existing buildings and substantial development sites being purchased. In short, due to increasing confidence in the area, Grafton has been going through an active period of gentrification and there has been a dramatic increase in A grade commercial premises being offered to the market. The recent acquisition of the 5.2 hectare Lion Brewery site by the Auckland University will initiate further enhancement along Khyber Pass, with redevelopment imminent.\n\n\nIn summary, this is a significant, well appointed, and strategically located property. Opportunities such as this are unique - be sure not to overlook it!\n\nMethod of Sale:\nInternational Tender (unless sold prior by Private Treaty)\nCloses 4.00 pm, Wednesday 7th August 2013\nBayleys Real Estate Limited, 4 Viaduct Harbour Avenue, Auckland\n