Property listing ID: 4108010
This is a prime 903m² Freehold site on one of the most recognisable arterial roads in the central Auckland isthmus. It serves as a direct access road into Mt Eden Village, which draws from the highly coveted suburbs of Mt Eden and Epsom. The modern improvements are well-maintained, complete with an unquestionable seismic rating of 170% NBS. The building comprises some 661m² over two levels, has excellent natural light, and dual vehicle site access to 16 on-grade car parks. The six established tenants, including Subway and My Laundry Bag, provide a reliable and diversified annual income stream of $303,026.24 per annum with built-in rental increases. The property presents a proven cash flow benefitting from reliable passing trade, nearby bus stops, and pedestrian flow from the nearby Mt Eden CRL station. A future-focused investment underpinned by a strong location, high-traffic flow, low-maintenance improvements, and robust income. KEY FEATURES: • Strategic 903m² high-profile Freehold site • Modern 661.40m² building with a 170% seismic rating • 16 on-site parking spaces with two access points • Diversified net income of $303,026.24 annually • Six tenants provide reliable income streams • Walking distance to CRL station and within Double Grammar zone • A compelling passive income asset with strong fundamentals
Listed by Barfoot & Thompson , Murray Tomlinson (City Commercial) , Cam Paterson (City Commercial)