A fully occupied, tenanted investment with prominent positioning in the thriving inner-city suburb of Epsom has come to the market.
19 Great South Road, Epsom comprises a modern, four-storey building spread across 1,590sqm and is positioned on a rectangular shaped site.
Constructed in the 1970s, the exterior of the building features glass cladding, making for a unique look and feel.
This property is currently being jointly marketed for sale by Deadline Private Treaty exclusively by JLL Brokers Kevin Reardon and Tommy Zhang, and Colliers brokers David Burley and Kris Ongley, with a closing date of 4 pm Thursday 7th December 2023, unless sold prior.
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The immediate vicinity consists of predominantly commercial property, with a few apartment complexes nearby.
The nearby suburb of Newmarket features one of Auckland’s most popular shopping hubs, the Westfield shopping centre.
The area is also serviced by excellent public transportation, with various bus stops lining the nearby arterial routes of Great South Road and Broadway.
Similarly, the Southern Motorway is just 500m away, allowing for unparalleled connectivity to the wider Auckland region.
The property is currently occupied by a range of different tenants and returns $686,651 + GST per annum and is anchored by Elizabeth Arden, an established beauty and cosmetics retailer with stores across the globe.
JLL Metro Sales Senior Broker, Kevin Reardon highlights that “As it is, the building is in great condition with prominent profile in an affluent suburb, that boasts a host of public transport options and connections to the CBD and motorway network."
The property is well positioned not only today, but well into the future.
“19 Great South Road is not only situated within the highly desirable double-grammar zone area, but also benefits from favourable Business Mixed-Use zoning, which allows for development of up to four storeys,” Says Reardon.
This location is already a thriving residential and commercial neighbourhood.
With an increasing demand for a better work-life balance outside the city centre there is significant potential for long-term redevelopment opportunities, including the construction of apartments, hotels, mixed-use buildings, and more.
Article supplied by JLL
