Vendor will meet the market
Vendor will meet the market
492 and 498-500 New North Road, Kingsland
492 and 498-500 New North Road, Kingsland
By Negotiation
By Negotiation
Listing ID 1904346
Features
-
697sqm
floor area -
1,558sqm
land area
Details
Price by Negotiation
| Anchor tenants | Split risk investment opportunity with seven tenants |
| Catchment | Well located to service the surrounding Kingsland and Mt Eden residential catchments |
| Land area breakdown | 1,558sqm (more or less) |
| Zoning | Business - Local Centre |
Description
Vendor will meet the market
• Fully leased and returning $487,500pa net (approximately) from seven income streams
• Rent growth, capital growth, and future development potential - zoned Business Local Centre
• Prime investment in a tightly held and vibrant Kingsland Village, moments from Kingsland Train Station
• Huge road frontage plus massive exposure to Eden Park Stadium at rear
• Underpinned by large and under-utilised 1,558sqm (more or less) landholding, in three separate adjoining titles
• Modern and versatile buildings with Grade-A seismic rating (100%)
Vendor is very keen to sell. Bought for $9.4mil + GST (if any) in December 2021. Will sell for less!
Tony Chaudhary
021 995 121
tony.chaudhary@bayleys.co.nz
Lalit Arya
021 033 2309
lalit.arya@bayleys.co.nz
Cameron Melhuish
021 479 882
cameron.melhuish@bayleys.co.nz
Tony Chaudhary
South Auckland - Commercial
Licensed under the REA Act 2008
| Mobile: +64 21 995 121 |
| Office: +64 9 271 7267 |
| tony.chaudhary@bayleys.co.nz |
Cameron Melhuish
Auckland Central - Commercial
Licensed under the REA Act 2008
| Mobile: +64 21 479 882 |
| Office: +64 9 375 7496 |
| cameron.melhuish@bayleys.co.nz |
Lalit Arya
South Auckland - Commercial
Licensed under the REA Act 2008
| Mobile: +64 21 033 2309 |
| Office: +64 9 273 6666 |
| lalit.arya@bayleys.co.nz |
Features
-
697sqm
floor area -
1,558sqm
land area
Details
Price by Negotiation
| Anchor tenants | Split risk investment opportunity with seven tenants |
| Catchment | Well located to service the surrounding Kingsland and Mt Eden residential catchments |
| Land area breakdown | 1,558sqm (more or less) |
| Zoning | Business - Local Centre |
492 and 498-500 New North Road, Kingsland
Open in map
Tony Chaudhary
South Auckland - Commercial
Licensed under the REA Act 2008
| Mobile: +64 21 995 121 |
| Office: +64 9 271 7267 |
| tony.chaudhary@bayleys.co.nz |
Cameron Melhuish
Auckland Central - Commercial
Licensed under the REA Act 2008
| Mobile: +64 21 479 882 |
| Office: +64 9 375 7496 |
| cameron.melhuish@bayleys.co.nz |
Lalit Arya
South Auckland - Commercial
Licensed under the REA Act 2008
| Mobile: +64 21 033 2309 |
| Office: +64 9 273 6666 |
| lalit.arya@bayleys.co.nz |
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