First Class Passive Investment – Long Lease Terms!

3 Pacific Rise, Mt Wellington, Auckland

Investment For Sale

For Sale by Deadline Private Treaty closing at 4pm Wednesday, 4 Dec 2019 (Unless sold prior)
Land Area: 2,295.00 m2.    Floor Area: 750.00 m2.    

Description

Perfectly positioned only one kilometre from New Zealand’s largest shopping centre and right in the hub of the Pacific Rise Business Park, is this excellent, near new investment that must be seriously considered.   

3 Pacific Rise, Mount Wellington, comprises a purpose built 100 license childcare centre & adjoining café designed by award-winning architects Collingridge & Smith and built in 2017 by LEP Construction.

The two components are beautifully presented and well maintained, both in regards to their fit outs and the generous outdoor areas they enjoy.

With two established, quality tenants on long lease terms (11+ year average), the combined annual net rental is $369,457 pa + GST with both leases offering fixed rental growth. The two occupiers are also responsible for all normal operating expenses.

Featuring a 2,295m² freehold, fee simple title, the site also offers 26 private car parks with modern, landscaped gardens providing for an appealing and user-friendly environment for tenants and customers alike. Located in the popular Pacific Rise Business Park, the offering ensures a captive customer-base with little to no other choices in the immediate surrounds for competing amenity.

In the low-interest rate environment New Zealand is currently experiencing, high quality passive commercial property has never been a more sensible home for your money.

This unique, A-grade investment, represents the very best in passive, low-maintenance commercial property in a highly sought after Auckland location.

Features

  • Premium grade passive investment
  • Total net annual rental - $369,457 + GST
  • Fixed rental growth lease provisions
  • 2,295m² fee simple title
  • ‘Business Park’ Unitary Plan Zoning
  • Established tenants on long leases
  • 1km to Sylvia Park & motorways
  • Highly sought after Auckland location
  • Call the sole agents today to arrange an inspection.

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