• Lessor's Interest returning $796,277pa net + GST
• Significant 1.2953ha freehold landholding in Central Penrose
• Perpetually renewable 21-year lease term
Located minutes from both State Highway 1 and State Highway 20, this substantial landholding is a once-in-a-lifetime offering.
For sale is the Lessor's Interest on a freehold site of 1.2953ha zoned Light Industrial. After a recent ground rent review, the site returns $796,277pa net + GST with nine years remaining of the perpetual 21-year lease structure.
The subject property boasts over 160m of frontage to Maurice Road and is positioned in the middle of Penrose, the industrial heartland and geographic centre of Auckland.
Lessor's Interests are a rare opportunity, providing a solid income stream with no CAPEX requirements.
Land with income, the ultimate investment.
For more information, contact the sole agents below:
Sunil Bhana
+64 21 938 660
[email protected]
Greg Hall
+64 21 023 21884
[email protected]
James Valintine
+64 21 023 71868
[email protected]
Scott Campbell
021 414 107
[email protected]
