- For Sale
For Sale by Asking Price of $2,100,000 + GST (if any).
Rarely do investment opportunities of this nature present themselves in a very strategic location and with the strength of an international tenant covenant.
The Luna Carparks form part of the Luna Apartment Complex which was completed in 2005 and comprises a 6 level, 122 unit apartment building with ground and basement level car parking.
The subject property comprises 47 car parks. 46 of the car parks are leased to Orion Health on a four year term and return $149,915 pa + GST. The carparks are located within 50 metres of Orion Health’s head office at 181 Grafton Road (corner Khyber Pass).
Demand for carparking in the Uptown area is at all time high’s & this pressure is set to continue.
The completion of the $4.4b City Rail Link Project, projected for 2024, will be the largest game changer for the upper Grafton/Eden Terrace/southern Mount Eden precinct with pedestrian friendly pavements & road crossings on the agenda for the CRL project team in this immediate area. The activity and gentrification of this precinct is set to be underpinned by the further introduction of more food & beverage offerings via new bars, restaurants, cafes & pubs and many large scale commercial property investors are strategically positioning themselves in the area. https://www.cityraillink.co.nz/
Strategically located passive investments of this nature are rarely presented to the market.
Call the sole agents for further questions or to view.
Ref #: 20692670