Key features:

• Long-term lease to His Majesty the King - commenced 2012
• Returning $585,238.40pa gross + GST, with fixed three-yearly increases
• Well-presented tenant in a custom-fitted property
• Astute investors seeking Crown-backed assets must investigate
• Standalone 1,065sqm building on 4,502sqm of freehold land
• Well located, just 900 metres to State Highway 1 interchange at Highbrook

This modern property leased to the Department of Corrections is being offered for sale, presenting a rare opportunity to acquire a freehold investment underpinned by His Majesty the King as tenant.

The building comprises an immaculate office fit-out and boasts sixty-five (65) car parks. Having been in occupation since 2012, the tenant is well entrenched with good tenure remaining, including further renewals.

Located just south of the Highbrook off-ramp and close to DB Breweries, this established industrial/commercial precinct is a growth catchment with future upside.

Greg Hall
021 023 21884
greg.hall@bayleys.co.nz

Paul Steele
021 494 111
paul.steele@bayleys.co.nz