Listing #:1214742933

Wairau Investment - Multi tenanted with add value

Location: 179A Archers Road, Wairau Valley, North Shore City, Auckland
Property use: Developmen­t site
Floor area: 1,398-1398m2
Land area: 0m2
Price: Price by negotiatio­n
Central North Shore location, prominent signage exposure, multiple tenancies and add value potential make this an ideal investment.

The 1,398m² property has 6 separate commercial tenants and current contract net rent from 5 of these equating to $261,801.13 pa (annualised rent).

Possible options:

Option 1

Hold and manage the property to increase value by improving lease terms and rent. Wairau valley vacancy levels are at record low levels. 

Option 2

Owner occupier who can use the office space.

Option 3

Utilise the Resource Consent and develop the 14 residential apartments along with the commercial tenancies allowed under the consent.

There are multiple options here. A bit of work is required but the vendors recognise this and want it sold!

*Please note this rental is based on a monthly rental and is subject to change.

Call now for further information.

Mike Ryan 021 402 461 | Sam Sherning 021 359 100
Features:
* Total building area approx. 1398m²
* Busy main road location
* Contract rental $261,801.13 pa*
* 6 separate tenancies
* Resource consent for mixed use development
* 100% IEP seismic rating

Agency reference #: 57737
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Price by negotiation
Listed: Sat 3 Dec, 8:43 am
Mike Ryan
Colliers International North Shore, Licensed Agent (REAA 2008)
  • Contact details
  •  (09) 4884772
  •  (021) 402461

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Agent's details

Mike Ryan
  •  (09) 4884772
  •  (021) 402461
Sam Sherning
  •  (09) 3568822
  •  (021) 359100
Colliers International North Shore, Licensed Agent (REAA 2008)
(09) 4884777
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