MULTI-TENANTED INVESTMENT

A/3, Target Court, Wairau Valley, North Shore City

By Negotiation

Proposed Usage
Office
Floor Area
962.00 m²
Description:
Property ID
1c4rjyr

For Sale by Deadline Private Treaty closing 4:00pm, Thursday 21 March 2019 (unless sold prior).

• Exceptional Wairau Valley location
• Standalone, low maintenance unit with dual frontage
• 962m² floor area and 27 on-site car parks
• Four tenants over 2 levels providing diversified income streams
• Well-appointed office tenancies with quality fitouts
• Potential for occupiers exists
• Conservative rental rates with passing income of $208,585 net per annum
• Ideal sized storage / warehouse with roller door access
• 100% NBS rating

This well-appointed, standalone office building is on the market for the first time in 15 years, presenting a quality investment property with multiple income streams and obvious rental upside.

The current owner has been meticulous in their upkeep of the property, which has undergone a thorough refurbishment and presents in exceptional quality throughout. The well configured building comprises four tenancies over 2 levels, each with quality amenities and fitouts. The location serves well with great access to the motorway, ample on-site parking and great amenities, including food outlets, bulk retail stores and service providers in the immediate vicinity.

In recent years the Wairau Valley has experienced huge demand from investors and occupiers making it one of not only the North Shore, but Auckland's most sought after suburbs for business and investment. The location appeals greatly due to its strategic central location, its diverse mix of businesses and amenities, and the lack of supply of land to develop. In recent years it has experienced some of Auckland's lowest vacancy rates which has seen healthy rental appreciation for investors solidifying the underlying property values.

3A Target Court represents an exceptional investment property, offering multiple income streams from a well-appointed, low maintenance building with rental upside.

Investors and occupiers feel free to contact the Sole Agents anytime for further information and to arrange an inspection.

Enquire about this property

Wairau Valley Area