JLL is pleased to exclusively present for sale 14, 16 & 18 St Marks, Epsom. This unique portfolio combines freehold and ground lessor's (freehold) interests, ideal for purchasers looking to consolidate a landholding with an abundance of options in one of Auckland’s most in demand suburbs.
14 St Marks Road offers a prominent freehold corner site with a spacious 725sqm warehouse atop 1647sqm of land offering a wide range of future possibilities.
16 St Marks Road and 18 St Marks Road provide ground lessors' (freehold) interests with identical 1,232sqm land areas. Both offer a long-term investment opportunity due to their perpetually renewable ground leases with renewals in 2038 and 2033 respectively.
All three properties are located a stones’ throw from Westfield Newmarket and enjoy immediate access to State Highway 1.
These properties form part of "Portfolio of the Century" which can be sold together or separately.
For sale by Tender closing 4pm, Tuesday 17th September 2024. All offers are to be lodged at the JLL offices at Level 16, HSBC Tower, 188 Quay Street, 1010.
Investment Highlights:
14 St Marks Road, Epsom:
•Freehold 1,647sqm corner site
•Holding income of $209,058p.a. net + GST
•Calling all occupiers & developers
16 St Marks Road, Epsom:
•21 year perpetual ground lease
•Returning $277,200p.a. net + GST
•1,232sqm land area
•Variety of options
18 St Marks Road, Epsom
•21 year perpetual ground lease
•Generic 1,232sqm parcel of land
•Coveted tenant covenant