As the exclusive agent JLL is pleased to present 99 Grafton Road, Grafton for sale by Deadline Private Treaty Closing 4:00pm, Wednesday 25th November, 2020.
99 Grafton Road is located opposite New Zealand’s largest hospital and is within walking distance to the University of Auckland Medical Campus.
The ability to secure freehold investment properties in this area are tightly held and seldom become available. This is a high profile site with excellent accessibility to the CBD and motorway network.
It is fully leased and anchored by three long standing government tenants. The property returns approximately $404,780 Net p.a from The NZ Police, the Auckland District Health Board (ADHB) and the Ministry of Social Development (MSD). Together they form an on-site child protection multi agency centre.
99 Grafton Road delivers 1,391sqm of total floor area and has 36 carparks. It holds a 100% NBS seismic rating and sits on a 1,253sqm freehold corner site, positioned in one of Auckland’s most south after investment locations.
Not only does 99 Grafton Road provide secure income now, the location is underpinned by growing demand from the healthcare sector. Coupled with an Auckland Grammar zone, this provides genuine long-term redevelopment potential for apartments, hotel and accommodation for students or hospital visitors/workers, to a height of 27m.
This property will be sold. 99 Grafton Road is being offered for sale by Deadline Private Treaty (unless sold prior). Closing: 4:00pm, Wednesday 25th November, 2020.
