Listing Description
Functional occupation or investment opportunity
25 Great South Road, Otahuhu, Auckland City, Auckland
Details
| Attribute | Value |
|---|---|
| Property use | Industrial |
| Agency reference | 1507155 |
Description
- Freehold site in sought-after location that will appeal to a range of buyer types
- Multiple tenancies provides split-risk income or a range of occupation options
- Functional, hard working building with excellent profile and diverse tenancy mix
Offered for sale is a well-located commercial property positioned on the high-profile Great South Road in Otahuhu. The site is held in one Freehold title comprising 2,023sqm (more or less) of land and includes a combination of a two level building and a separate lower-level warehouse building, providing an overall floor area of approximately 1,327sqm together with on-site car parking and a sealed yard.
The property currently provides income from two existing tenants with an additional road front/showroom vacancy. Given the nature of the leases there is flexible occupation options, conversely the vendor would underwrite the rental of the vacancy for two years from settlement to bring the total income to $257,149pa + GST for an investor.
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