Flagship Takapuna Investment

2-4 Fred Thomas Drive, Takapuna, Auckland

Investment For Sale

For Sale by Deadline Private Treaty closing at 4pm 15 Mar 2017 (Unless sold prior)
Land Area: 15,223.00 m2.    Floor Area: 12,263.00 m2.    

Description

With a mixture of well-known commercial and medical tenancies, this exceptional investment comprises three stand-alone buildings strategically positioned in a gateway Takapuna location.

Managed by Smales Farm, the buildings have been refurbished to an exceptional standard and a brand new car park building has just been completed at 3 Fred Thomas Drive to further support the strong fundamentals this investment offers. 2 Fred Thomas Drive has been transformed into a three level medical/commercial building with a café on the ground floor while 4 Fred Thomas Drive, which was originally constructed in 1989, has also undergone significant refurbishment. In combination with the brand new multi-level car park building, the transformation has attracted high quality tenants, requiring high quality / efficient office premises with plenty of car parking.

Fully tenanted with a net annual return of $4.234 million from three buildings on 1.5Ha of Mixed Use Zoned Land, this flexible investment opportunity must be seriously considered. 

Call either of the Sole Agents now to register your interest.

Features

  • Net passing income: $4.234m p.a. + GST
  • Total site area: 15,223m²
  • Net lettable area: 12,263m²
  • 446 car parks
  • WALT: 4.8 years as at 1 January 2017
  • Key tenants: AON, Amplifon New Zealand, Peak Primary Ltd, Property Partners & Medical
  • Three standalone buildings
  • 1.5ha Mixed Use zoned land

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