Deadline Private Treaty closing 12 p.m, Thursday 3rd April 2025 (unless sold prior)
273 Mount Smart Road is a strategically positioned site located along Onehunga/Te Papapa’s main thoroughfare. Nestled in amongst a thriving residential catchment and public transport links this investment opportunity is one not to be missed. The building has the benefit of being split into multiple tenancies reducing future vacancy risk and maximising cash flow security. The high-profile nature of the site will help maintain it’s attractiveness to a wide array of business users. The existing lease in place has built in market reviews and CPI increases allowing sustained rental growth throughout their tenure.
Investments Highlights:
- Split-Risk Investment (3 separate tenancies)
- 2 rear units fully tenanted
- Ability to occupy front tenancy
- 813sqm Freehold Title
- High profile site & signage opportunities
- Access to thriving residential catchment
- Tenancies all a highly desirable size
- Information Available upon request:
Information Memorandum
- Lease Documentation
- Record of Title
- Rental Appraisal & Floor Area Breakdown
- Property File
- LIM Report
- ISA Report (2014)
The Central Auckland suburbs of Onehunga, Penrose and Mount Wellington are the most highly sought after industrial locations in Auckland, the area is renowned for being within 14kms of both the CBD and Auckland International Airport making them well suited to both manufacturing and freight/distribution businesses. The central industrial belt is also in close proximity to a number of residential areas home to a large labour force as well as being in close proximity to Sylvia Park. Onehunga and Penrose in particular have brilliant access to both SH1 & SH20 via their main arterial routes of Neilson Street, Church Street & Great South Road and have benefited from the recently completed Waterview connection increasing their accessibility to key West Auckland suburbs.
Ben Adam
021 209 1339
[email protected] Alistair Billing
021 101 5302
[email protected]z
Dan Newman
021 991 459
[email protected]NOTE: All prices are exclusive of outgoings and GST (unless otherwise stated). All floor areas are approximate and boundary lines (when drawn) are indicative. James Group Real Estate Ltd Licensed under the REAA 2008
