Lessor's Interest - 10 Year Lease with Upside

58-60, Market Road, Epsom, Auckland City

Tender

Proposed Usage
Development Site
Floor Area
112.00 m²
Land Area
1479.00 m²
Description:
Property ID
1c56fwz

- Lessor's interest with 10 years to run on current term
- Returning $140,000 + GST p.a. with 5 year rent reviews to market
- Perpetually renewable 20 year terms with termination clause in Lessor's favour
- Strategic City Fringe position in Double Grammar Zone
- Zoned Business - Mixed Use under Auckland Unitary Plan
- The ultimate bottom drawer investment opportunity or development site

On offer is a rare chance to secure the Lessor's interest in a high profile city fringe property, returning $140,000 + GST p.a. The offering benefits from a 20 year lease term (approximately 10 years to run on current term) along with a termination clause in favour of the Lessor, making this an ideal passive investment with a development proposition.

The property is located in a high profile and strategic city fringe position on Market Road in Epsom. Under the Auckland Unitary Plan, the property is zoned Business - Mixed Use and is also located in zone for Auckland Boys and Epsom Girls Grammar Schools, further adding to the attractiveness of the property as a future residential development site.

Lessors interests in this location seldom come to the market, particularly with the added flexibility for development. A very rare opportunity, don't miss this one.

See below for the animated video:
https://youtu.be/rm7z1eOU_VQ

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Epsom Area