Newmarket Standalone

Sold

Unless sold by Private Treaty

8 Leek Street

Dataroom - further information (click here)

Property Features For 8 Leek Street, Auckland City:

405m² clear span office warehouse with option to upgrade
379m² site zoned mixed use allowing for business or residential
Holding income of $60,000 pa with potential to easily increase returns
Option to retain tenant or purchase to own and occupy
Highly accessible to Remuera, Parnell and Auckland CBD

Description:

If you’re looking for an entry level, standalone commercial building in Newmarket as an investment, or for your own use, this is a must see. The simplicity of the existing building along with mixed use zoning offers ultimate flexibility. The option exists to retain the current tenant to create a passive investment, or purchase to move in as a commercial or residential occupier. Either way, under plan change 196, which will allow building up to 21 metres, there is strong upside potential. The vendor's instructions are clear, he wants it sold.

For further details please contact:

Charlie Oscroft
Auckland Office

Mobile: +64 (21) 824-564
DDI: +64 (9) 356-8951
Email: charlie.oscroft@colliers.com

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Peter Kermode
Auckland Office

Mobile: +64 (21) 333-723
DDI: +64 (9) 356-8954
Email: peter.kermode@colliers.com

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8 Leek Street

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Disclaimer: The contents of this document do not form any part of a contract. Whilst all care has been taken in preparation,
no responsibility is accepted for the accuracy of the whole or any part and interested persons are advised to make their own enquiries and satisfy themselves in all respects.

Colliers International New Zealand Ltd, Licensed under REAA 2008