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Ponsonby

Unit N/338 Ponsonby Road, Ponsonby, Auckland

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467sqm Floor area

High yield Ponsonby investment with future options


• High yield tenanted investment or future owner occupier opportunity
• Currently returning $118,462pa + GST on a renewed 4 year lease from 2022
• Floor area 467sqm with 4 secure car parks
• Long-standing global tenant, Lumify, having occupied the premises since 1996
• Well-located in the heart of Three Lamps, Ponsonby

Offered to the market is a high-yielding freehold opportunity tenanted by Lumify - one of New Zealand's largest IT training providers. Previously known as Auldhouse (founded in 1988), Lumify holds a strong presence across New Zealand, Australia and Philippines, delivering training to over 20,000 customers per year. Utilised as an education and training centre, the property is currently fitted out with various classrooms, offices and conference rooms.

The property benefits from its excellent location, surrounded by a range of retail, hospitality, office and residential. Three Lamps is characterised as a strategic and tightly-held location with a strong customer base, low vacancy rates, and great accessibility to Auckland CBD and the adjacent suburb of Ponsonby.

Lumify holds an existing lease until 2026 - providing future consideration for the incoming owner to extend this long-standing tenant and enjoy a healthy return, or upon lease expiry - investigate alternative tenant options or explore office/education-based owner occupier opportunities

For Sale by Negotiation
Matt Lee

Matt Lee

Commercial, Retail and Investment Sales and Leasing

Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008
James Chan

James Chan

Director - Asian Markets

Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008

Features

Opportunity


High yield passive investment or future owner occupier opportunity

Lease term


Currently returning $118,462pa + GST on a renewed 4 year lease from 2022

Parking


Four (4) car parks

Location


Well-located in the heart of Three Lamps, Ponsonby

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