Bayleys are proud to offer this exceptional property identified as 116 Remuera Road, Remuera, Auckland for sale by way of Tender.

Key attributes of this property include;

- 832sqm standalone freehold site

- 90% NBS (seismic rating)

- Favourable Business - Mixed Use zoning

- Established tenant returning $186,310 (plus GST and OPEX)

- Strategic 'Medical Mile' location

Located within the iconic 'Medical Mile' precinct between Newmarket and Remuera, this property will appeal to a wide range of purchasers including investors, developers, land bankers and future owner occupiers.

This property has been utilised for medical related purposes for many years and currently has a lease in place to a well-established health sector tenant, currently returning $186,310 + GST p.a.(net) with potential for rental growth.

Located in very close proximity to the Newmarket area and of the northern side of Remuera Road, this property enjoys excellent exposure and frontage to Remuera Road and offers ease of access to a number of nearby popular precincts, amenities and transport systems including the Newmarket Train Station and Westfield Mall.

Properties such as this seldom come to the open market in such a desirable and strategic location, and its appeal to a wide range of purchasers is assured by its multiple positive attributes and features.

For sale by way of Tender (unless sold prior) closing at 4pm, Thursday 10th December 2020.

Please call the sole appointed agents directly for further details of this exceptional offering which had been held by family interests for many years.

Mike Adams

021 977 527

Jean-Paul Smit

021 021 61616

Please note all viewings are strictly by appointment.