Listing Description
Fully leased Newmarket investment on corner site
35 Teed Street, Newmarket, Auckland City, Auckland
To be sold by tender (closes on 22 Jul)
Details
| Attribute | Value |
|---|---|
| Property use | Office |
| Agency reference | 1699089 |
Description
- Fully leased freehold investment returning $1,479,355pa + GST
- Strong tenant profile, anchored by NZX listed Heartland Bank
- Substantial 1,673sqm (more or less) corner site with three prominent frontages and intensive zoning Business – Metropolitan Centre zoning
- Diversified investment with future upside in a sought-after commercial precinct
Positioned in the vibrant commercial precinct of Newmarket, this freehold property represents a compelling opportunity for investors seeking a secure and diversified asset, underpinned by a long-term lease to Heartland Bank.
The property combines two levels of high-quality contemporary office accommodation with street-level retail and benefits from 100 off street car parks.
Situated in Newmarket, one of Auckland’s most tightly held commercial and mixed use locations, the property offers excellent profile from its three road frontages. Its central location also ensures excellent access to public transport links, major arterial routes, and is just steps from Westfield Newmarket.
The underlying 1,673sqm (more or less) fee simple land holding and intensive Business – Metropolitan Centre zoning provides future development or repositioning upside.
A hands-off investment that ticks all the boxes. Call now for further information.
Property Files
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