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Diverse mixed-use investment at 229 Dairy Flat Highway in Albany
August 5 2019 -
A substantial mixed-use investment property in the heart of Albany Village is for sale with a diverse range of tenants providing exceptional covenant and nearly $1.9 million in net annual rent.
Located at 229 Dairy Flat Highway, the property comprises four separate buildings on a large 1.04ha freehold site with 156 car parks.
It is anchored by Massey University, Auckland Council and a recently completed Quest serviced apartment hotel, which together contribute 97 per cent of the property’s annual income.
The leases have a weighted average term of 10 years, making the prope Read More