Car parks/2-4 York Street, Newmarket, Auckland

Car park investment on long lease (price reduced)

• 50 freehold car parks all on individual titles
• Strategic position near Broadway, University of Auckland Campus and CBD
• Long-term lease to a multi-national tenant with fixed annual rent increases
• Take your hands off the wheel, sit back and watch the cash roll in
• With inflation subsiding, lock in this high yield while you still can

For those divesting from the highly regulated residential market and seeking an affordable, low-maintenance entry point to the commercial sector, this block of 50 car parks presents an ideal opportunity. With the security of a long-term lease to Wilson Parking, New Zealand's largest parking operator, you will enjoy a steady monthly income stream with automatic fixed annual increases. Escape the burden of installing heat pumps, appliance repairs, general maintenance, filling vacancies and chasing multiple smaller tenants for payment.

For the established investor looking to mitigate risk within an existing portfolio of office, retail or industrial assets, this car park investment can provide crucial diversification.

The long-term fundamentals of this investment will appeal to all. Newmarket is one of Auckland's biggest, most central and well-connected metropolitan centres. It is the home to one of Australasia's largest shopping centres, the University of Auckland's Newmarket campus and positioned within the hotly contested Double Grammar School zone. It is an important residential and employment hub expected to grow significantly in the years ahead. Jump in and enjoy the ascent