High Profile Albany Investment
Unit, 5, 16 Piermark Drive, Rosedale, Rosedale, North Shore City
Price On Application
- Proposed Usage
- Floor Area
- 382.00 m²
- Property ID
Dual tenancy office occupation/investment opportunityNew 4 year term to existing tenant returning $49,650pa + GSTAvailable (from October) 193m² office tenancy with 10 carparks currently returning $57,000 + GSTHigh profile corner site on the corner of William Pickering Drive and Piermark Drive
The offering represents a fantastic opportunity for an owner occupier or astute investor to acquire a well presented office unit in one of the Norths Shores most sort after commercial precincts.
A rarity in this price bracket, the property is segmented into two distinct tenancies (upstairs/downstairs split) providing several options for the successful purchaser to occupy the upcoming vacancy or to pursue a new lease with a holding income until October.
Unique to this unit that will prove attractive to anyone who currently owns a car in Auckland is the 16 carparks allocated to the unit including 10 available with the upcoming vacancy, a ratio that represents double the required allotment for this sized tenancy.
Modest rental rates, historically low vacancy and cost of construction/scarcity of land prohibiting competing new build stock all adds up to one fantastic buying opportunity.
Contact the Agents today, Euan Stratton 027 580 7439 or Janet Marshall 021 684 775.