Listing Description
Tenanted building with development potential
131 Khyber Pass Road, Grafton, Auckland City, Auckland
To be sold by tender (closes on 26 Sep)
Details
| Attribute | Value |
|---|---|
| Property use | Office |
| Agency reference | 1697805 |
Description
- Tenanted by national mobile operator and Connexa Limited
- Net passing income of $758,564.47 + GST per annum
- Including 53 parking spaces
Discover an exceptional investment opportunity at 131 Khyber Pass Road, Auckland, strategically located at the bustling on Khyber Pass Road. This four-level office building offers a prime location with easy access to motorway.
The ground and first floors feature car parking, with the ground floor housing the reception area and meeting rooms. The upper floors are designed as open-plan offices, and staff welfare facilities are available on all levels.
Tenanted by national mobile operator since 2014, the property ensures a secure income stream until the lease's expiry on 30 November 2025. Connexa Limited has aerial lease expiring 2039 if RoR are exercised. A 12 months relocation clause is in the lease for development purpose.
An ideal investment for those seeking a blend of location, established facilities, reliable holding income, and sought after development site making it perfect for culinary ventures and business success.
