156-162 Great South Road, Takanini, Papakura, Auckland

Colliers proudly presents an unparalleled investment and land banking opportunity in tightly held suburb of Takanini in South Auckland. Located at 156 – 164 Great South Road & 4 Taka Street. Occupied by the global giant Inchcape Auto Ltd, trading as LDV Auto.    Spread across a commanding 5,260m² freehold corner, strategically positioned at the intersection of Great South Road & Taka Street in Takanini, this property spans across four titles, ensuring versatility and prominence.   The tenancy at 156 -164 Great South Road & 4 Taka Street boasts a longstanding automotive presence, underscored by LDV brand and backed by the global stature of Inchcape Auto Ltd as parent company. Recently securing a new 5-year lease commencing August 2023, the agreement features fixed rental growth throughout the term, coupled with additional rights of renewal.   Presently returning $218,000 per annum + GST + OPEX, this property calls all investors and land bankers. Appreciate the convenience of dual-site access, the efficiency of low site coverage, the sophistication of modern premises, and the unparalleled exposure offered by its prominent corner positioning.   Please be advised that the vendors are receiving a designation notice from NZTA (Waka Kotahi) regarding a project scheduled for completion within the next 10 to 30 years.    Contact the exclusive agents for further information and inspections.

Features:

• 5,260m² - 4 freehold titles
• Returning $218,000 pa + GST + Opex
• Ultimate corner position
• 5-year lease from August 2023
• Fixed 3% annual rental growth
• Market reviews throughout lease term
• Low site coverage
• Dual access site

More information: https://www.colliers.co.nz/p-NZL67028503