Savills New Zealand is pleased to present 14 Station Road, Manurewa, offered for sale via Deadline Private Treaty closing 4pm, 28th November 2024 (unless sold prior)
This high-quality commercial investment is situated on an 816m² freehold title, with 360m² of improvements. Neighbouring New World and Southmall, and being within close proximity to Great South Road, the property provides a high-profile location for future Tenants or development opportunities alike. The property presents immediate income for investors with future development potential. In 2022 the building underwent an extensive refurbishment, including a new roof, flooring, internal & external paint, lighting, sinks and taps.
Leased to a Global Tenant – Habitat for Humanity, this property generates an appealing annual rental income of $87,550 plus outgoings and GST, providing an excellent return. The lease structure has been thoughtfully designed with investor benefits in mind, featuring built-in annual rent increases of 3% and market rent reviews upon lease renewal. To further secure the investment, a bank guarantee is in place, adding an extra layer of assurance for prospective buyers.
Zoned Business Town Centre, coupled with a low site coverage, the purchaser is poised to take advantage of development opportunity in the future.
Features:
• 816m² freehold site
• 360m² NLA
• Business – Town Centre Zoning
• Future Development Potential
• Global Tenant – Habitat for Humanity
• Returning $87,550 + OPEX + GST
• Fixed annual rent increases + market rent reviews
• Recently refurbished
• Deadline Private Treaty: 28th November 2024 (unless sold prior)
For Due Diligence information or to arrange an inspection please call the SOLE Agents:
Will St John
[email protected]
021 072 9494
Flynn Mann
[email protected]
027 956 2681
Henry Mann
[email protected]
021 191 1260
