Charlie Oscroft

This generous 1,512sqm freehold site, currently returning $160,227 +GST will suit a large variety of add-value investors, land bankers & occupiers. The Business - Town Centre Zoned site comprises of 3 separate buildings totalling 492sqm (more or less) of net lettable area which houses six individual tenants along with the outdoor sign providing an additional source of income.

The property is strategically located in the main commercial precinct of Glen Innes Town Centre, with the property located off the arterial route of Apirana Avenue which connects the suburbs of Mt. Wellington, Panmure, St Johns and Glendowie. In addition, the site is just a mere minutes’ walk away from Glen Innes Train Station which provides direct access into Auckland CBD.

Glen Innes and its surrounding suburbs have experienced significant growth and gentrification in recent years through several local initiatives such as the AMETI project and Tamaki Regeneration Program, with Glen Innes quickly becoming a major retail destination.

227 Apirana Avenue, Glen Innes is being sold by way of Auction at 1pm, Wednesday 14th April, 2021 (unless sold prior) at Colliers International Auckland CBD, Level 23, 188 Quay Street. Property viewings are stricly by appointment only, call the sole agents below to arrange a site inspection. 

Situated in Manukau’s commercial precinct, 15 Lambie Drive is a significant 7,068m² land holding fronting Lambie Drive, one of the main arterial roads stretching from Puhinui Road through to Wiri Station Road. The area is well serviced with a number of amenities nearby, such as Manukau City Centre and transport hubs. Enjoy easy access to the motorway network with both State Highways 1 and 20 within close proximity.

Currently leased to Vodafone NZ Limited returning $737,767 net per annum with strong fixed rental increases.

The building itself is situated to the centre of the freehold site with the perimeter allowing for plenty of car parking and manoeuvring areas. The property comprises a well presented modern two-storey commercial building comprising 2,511 m² of NLA  that Vodafone NZ Ltd has made significant capital investments into.

Passive and add value investors will be attracted to the extremely strong tenant covenant  whilst recognising the future potential of the large strategic landholding in the heart of Manukau.