Positioned in the heart of Newmarket, this substantial freehold mixed-use investment presents a fantastic opportunity to secure a premium asset. The modern seven-level building provides approximately 2,026sqm of net lettable area and is anchored by established tenants Techtorium NZIIT and The Homestore, generating approximately $610,143 + GST per annum. Levels 6 & 7, boasting fantastic views over Newmarket, are currently vacant and ready for occupation. Market rental on fully let basis is estimated to be above $800,000 + gst per annum.
Occupying a high-profile 427sqm freehold site with Business – Metropolitan Centre zoning, the property offers exceptional flexibility for investors, owner-occupiers and value-add purchasers alike. Further enhancing the opportunity are 21 car parks held on individual freehold unit titles, providing additional strategic value in one of Auckland's most tightly held commercial locations.
With strong existing income, a quality tenancy mix, immediate opportunities to add value or occupy, and a prime Broadway position, this is a compelling opportunity to secure a landmark Newmarket investment with significant upside.
Contact the Sole Agents for further information or to arrange an inspection.
Shoneet Chand 021 400 765 and Ronal Prasad 021 232 1192
Features:
* Returning Approximately $610,143 pa net
* Anchored by Techtorium and The Homestore
* Two floors of vacancies
* Market rental estimated to be above $800,000 net
* High-profile 427sqm freehold site
* Approximately 2,026sqm NLA
* Fixed annual rental increases across the core Techtorium and The Homestore leases.
* 21 Freehold Car Park Titles
* 110% NBS Seismic Rating
