LEASED INVESTMENT - OWN THE LAND, COLLECT THE ...

24, Melanesia Road, Kohimarama, Auckland City

Tender

Proposed Usage
Retail
Description:
Property ID
1c6m727

LEASED INVESTMENT - OWN THE LAND, COLLECT THE GROUND RENT!

Very rarely available to the market is an opportunity to own the land and lessor's interest in one of Auckland's most sought after beach side suburbs.

• 890m² site
• Zoned Residential - Mixed Housing Urban under the Auckland Unitary Plan
• 21 year lease term from 2012 to Kindercare Learning Centres Ltd. returning $167,056 + GST p.a. net
• Seven yearly rent reviews (next in 2026)

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Kohimarama Area