Avondale
103 Lansford Crescent, Avondale, Auckland
Auction
(unless sold prior)
Split Risk industrial investment
• Large 1,175sqm (more or less) freehold title with Business - Light Industry zoning
• Three separate and established tenancies offer a split risk investment with no Body Corporate
• Returning $94,500pa plus GST and outgoings with favourable built-in rental growth
• A Grade Seismic rating (100% NBS ), with a recent report available upon request
Located in an established and solid industrial precinct within the Avondale - New Lynn area this desirable property offers a rare opportunity to purchase a solid freehold property with three separate and established tenancies, providing a solid and split risk income stream and ensuring appeal to a range of purchasers.
The established commercial and industrial precinct of Lansford Crescent offers proximity to Wolverton Street a main arterial in this area, and ease of access to a wide range of nearby suburbs including Avondale, New Lynn, Blockhouse Bay, and multiple nearby transport systems and amenities.
The solid split risk income stream, size, location, and rectangular shape of the site combined with the favourable zoning ensures the appeal to a range of purchasers for this property.
Call the sole agents now to receive full information with all viewings by appointment.
For sale by Auction (unless sold prior) at 11 am, Wednesday 24th April 2024.
Mike Adams
021 977 527
mike.adams@bayleys.co.nz
JP Smit
021 021 61616
jean-paul.smit@bayleys.co.nz
Mike Adams
Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008
Jean-Paul Smit
Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008
Matt Clifford
Bayleys Real Estate Ltd, Northwest,
Licensed under the REA Act 2008
Features
Land area breakdown
Large 1,175sqm (more or less) freehold title with favourable – Business - Light Industry zoning
Available
Three separate tenancies with no Body Corporate procedures
Rent review
Returning $94,500pa plus GST and outgoings with built-in rental growth
Location
Solid industrial precinct within the established Avondale – New Lynn area
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