Colliers is proud to present one of Auckland’s premier medical offerings to the market. Situated in the heart of the renowned ‘Remuera Shops’, Remuera Health Hub located at 333 Remuera Road is a high-end, shared medical facility, featuring sophisticated ‘Fearon Hay’ design and cutting-edge building services.
The building has recently undergone an extensive refurbishment and was repositioned as a state-of-the-art medical facility. Demand for tenancy has been strong, with numerous spaces secured under long-term leases to Remuera Doctors, Life Pharmacy, and Resonate Hearing - all committed to initial 10-year terms.
The property comprises a total lettable area of approximately 1,670 sqm on a site area of 844 sqm that is zoned Business – Town Centre. The property has an estimated fully leased income of approximately $1,312,000 per annum with existing leases featuring attractive rental growth profiles, including a mix of indexed reviews and market rent reviews upon renewal.
A key advantage and feature are the 34 exclusively covered car parks located at the rear of the property and access via Norana Avenue which completes the development.
Fully refurbished and redeveloped commercial properties of this calibre in Remuera are exceptionally rare and highly sought-after, presenting a unique opportunity for discerning investors.
The property is being marketed for sale by a Negotiation.
Features:
* Extensively redeveloped to high quality - Fearon Hay design
* Long leases, strong tenant covenant – Remuera Doctors, Life Pharmacy, Resonate Hearing
* Estimated fully leased income - $1,312,000+ GST*
* High density town centre zoning – north facing
* Striking street appeal situated in one NZ’s most affluent suburbs
* 34 exclusively covered car spaces
