This property has now been SOLD.
Colliers NZ has the privilege to be marketing this exceptionally rare site that has substantial income and located in one of Auckland's most affluent and prestigious suburbs.
The site has a total area of 3,946m² and is one of the largest freehold sites in Herne Bay. It is currently leased to an excellent aged-care provider who pays $517,653 + GST pa on a lease that has annual increases expiring on 30 September 2026. A development clause in the lease, which can be triggered by the landlord in 2023, allows the owner flexibility when required.
This is a prime opportunity to landbank a significant site in Herne Bay while receiving considerable income.
For more information contact:
Blair Peterken +64 21 421 426
Josh Coburn +64 21 990 691
Jason Seymour +64 21 607 999
Ref #: 20831004
- Contact our experts for details on this transaction.