Property listing ID: 4104579
• Secure net income of $195,919 per annum with built in 3% annual increases • Freehold 291m² whole floor office with six secure car parks • Proven tenant on a long-term lease delivering dependable returns • High-profile corner position in a tightly held, high-demand precinct Positioned at the intersection of Crummer Road and Vinegar Lane, this striking, architecturally designed property offers investors a compelling blend of modern appeal and reliable income. Backed by an established occupier with over 25 years of trading history, the investment provides confidence through consistent performance and structured rental growth. Completed in 2015, the building benefits from contemporary construction and low maintenance requirements. The current lease runs through to October 2029, with renewal options extending potential tenure to 2035, offering a clear pathway to long-term, passive income. Zoned Mixed Use, the property also presents future flexibility, including potential residential conversion, adding an extra layer of strategic upside. Set in the heart of Grey Lynn, moments from Ponsonby Road, this is a location investors actively seek but rarely secure. With a motivated vendor ready to meet the market, this is an opportunity to acquire a modern, well-leased asset in one of Auckland’s most desirable city fringe suburbs.
Listed by Barfoot & Thompson , Reese Barragar (City Commercial)