• Lessor's interest investment returning $225,000pa + GST
• Over 10 years remaining on current term with next ground rent review in 2028
• Strategic Mt Albert position, opposite train station and the Mt Albert Village
• 2,047sqm (more or less) site zoned Business – Mixed Use
• Underpinned by substantial lessee improvements & future intensification potential
On offer is a rare chance to secure the Lessor’s Interest investment in a strategic location, just metres from the Mt Albert Train station and the New North Road retail strip. The property benefits from a 20-year ground lease (from 2018), with five yearly market rent ground reviews with the next review in 2028.
The Lessee's improvements on the site comprise a mixture of an established Childcare Centre (licensed for 90 children) and warehousing, further solidifying the value proposition of this hands-off investment.
Passive investments of this calibre seldom come to the market. Don't miss this opportunity, call now for further information.
