- About this property
- Investment data
Investment, Owner Occupier - Motivated OwnerProperty ID CCM23095Spacious standalone modern showroom/office building on a high profile corner site. Excellent exposure to busy Wrights Road with easy access to Blenheim Road, the Southern Motorway or Birmingham Drive and the express way overbridge to Wigram. The high profile ground floor showroom of 357m2* is leased to Cavalier Bremworth. The 114m2* mezzanine level is tenanted by an Architectural company which has just taken up its right of renewal. The top floor office area of 364m2* is now vacant. Total building area is 835m2*. The vacant top office floor is fitted out into multiple offices with good natural light from all four sides. 7 car parks are available with the vacant floor. This impressive 835m2* standalone building is underpinned by a sizeable underlying land area of 1,399m2* providing a total of 18 onsite car parks. An opportunity now exists for either an investor to buy and enhance the rental further by leasing out the top floor to a third tenant or an owner occupier to occupy the top floor and simply collect the current rental of over $107,000pa* from the 2 tenants on the lower floors. Alternatively a tenant could lease the top floor for a very competitive rate of only $210/m2 - ($76,440pa) + GST + outgoings + parking. Our motivated owner will also consider offering a competitive Vendor Finance package to the right buyer. (* approx.)
Call Paula Raine 027 221 4997 or Al Wilson 021 227 6161 for further information.
Price for Sale: By Negotiation + GST (if any)
Key Information Tenancy Status Currently Tenanted Annual Yield (Gross) N/A (Marketed Without Price) Annual Yield (Nett) N/A (Marketed Without Price) Title Scheme Not Applicable
The above figures are estimates and should not be relied upon by a purchaser. The returns are not guaranteed. Further disclaimers apply.
* Total annual expenses are based upon information provided by the vendor. They exclude potential costs that will vary according to the purchaser. Excluded costs include, but are not limited to, management and leasing fees, marketing costs, repairs and maintenance.