Colliers International have been exclusively appointed to market for sale by way of Deadline Private Treaty this prestigious investment at 156 Central Park Drive, Henderson.
The site comprises a single freehold title of 1.1083ha, benefits from three top quality branded tenants and income of $975,295.03 plus GST and outgoings plus development upside.
The property is located just 750m from the Lincoln Road motorway interchange on SH16 giving unrivalled access to central, northwest and northern links and the close proximity to the Waterview tunnel offers excellent southern links. The site is within the established Auto Trade Hub on Lincoln Road & Central Park Drive but benefits from better access than most competitors.
The property has been divided into 3 separate areas each let to individual tenants.
Site 1 - approximately 4,129 sqm. It was a design build in 2017 for Auckland Vehicles Ltd who are trading under the banner of Hyundai and Isuzu.
Site 2 - approximately 3,585 sqm. The new high spec showroom and workshop was finished at the end of 2019 and was a design build for the tenant Tristram European, operating as a VW dealership.
Site 3 - approximately 3,366sqm. The site was finished in February 2020 and is leased to Winger Motors Limited. There is the potential to develop this site during this lease in consultation with the tenant.
The property is offered for sale by Deadline Private Treaty closing 4pm Wednesday 1 April 2020 (unless sold prior).
FOR FURTHER INFORMATION please contact the agents and request access to the dataroom.
Ref #: 217431