Ponsonby
G01 and G02/3-5 Blake Street, Ponsonby, Auckland
+16
Passive investment in prime location
• Two freehold ground-floor units and two secure car parks
• Fully leased to a single well-established tenant on a four-year term
• Hassle-free annual return of $73,542 + GST with fixed annual increases
• Newly built, well-leased and in a top location - The ideal passive investment
Secure your position in one of Auckland's most prestigious city fringe suburbs with this quality entry-level commercial investment. Leased to an established tenant on a four-year term with fixed 3% annual increases, it offers a reliable, low-maintenance income from day one.
Comprising two individually titled ground-floor units (65sqm and 46sqm), each with a secure car park — a rare asset in this tightly held area. Positioned on a prominent corner in the recently completed ‘The Blake', it enjoys strong street presence, natural light, and timeless architecture by Paul Brown & Associates.
An ideal opportunity for astute investors seeking a modern, fully leased asset in an absolute prime location. The area's continued commercial and residential appeal further underpins long-term value and rental growth. Call now!
Phil Haydock
+64 21 192 2233
phil.haydock@bayleys.co.nz
Jill Downie
+64 21 448 777
jill.downie@bayleys.co.nz
Phil Haydock
Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008
Jill Downie
Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008
Features
Floor area details
Two ground-floor commercial units totalling 111sqm (approximately) with two secure parks
Lease
Fully leased to a single well-established tenant on a four-year term
Passing income
Hassle-free annual return of $73,542 + GST with fixed annual increases
Location
Premium Herne Bay location with easy access to Ponsonby Road and CBD
Have your questions answered
Our agents are experts on all things in the property market, if you haven't found what you're looking for, please enquire with the listing agent now to have all of your property questions answered.
Request more information
Contact us and have your questions answered.