Grey Lynn: 8 Year Lease to Harvey Norman

Unit 1R/189-197, Great North Road, Grey Lynn, Auckland City

Auction

Proposed Usage
Retail
Description:
Property ID
1c76khs

- Brand new freehold investment in high profile Grey Lynn position
- New 8 year lease to Harvey Norman returning $183,681.90 + GST p.a. (approx.)
- Established retail location surrounded by other multinational and luxury retailers
- Comprises 335sqm freehold unit with 6 secure basement car parks
- The perfect passive investment opportunity in a sought after location

Sitting proudly on a high profile corner position on the Great North Road ridge, this modern commercial investment is a must view for all passive investors looking for a well located hands off investment. The property offers a freshly signed 8 year lease to Harvey Norman returning $183,681.90 + GST p.a. (approx.) with further rights of renewal. Comprising the ground floor of a recently completed luxury Mixed Use development, this 335sqm property offers double stud height with full height glazing, offering unbeatable profile to the popular Great North Road in Grey Lynn.

This already established precinct is becoming even more popular with other international retailers moving in, along with numerous intensive residential apartment developments taking place. A seldom available opportunity in a tightly held location, don't miss this one.

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Grey Lynn Area