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Premier Grey Lynn investment

14-16 Maidstone Street, Grey Lynn

Office Building
dollar

Deadline Sale

Floor area
1792m2
Land area
895m2
Title type
Freehold
On this page:

Deadline sale

Wednesday
4:00pm
03
Dec

Map

Property details

Listing # 16910142 | Listed on 3 November
  • Modern, functional building with excellent on-site car parking
  • Fully leased to established tenants returning $880,412 + GST (net)
  • Prime Grey Lynn position just moments from Ponsonby Road
  • Diverse and secure income stream with built-in rental growth
  • A trophy investment opportunity in a tightly held location

Perfectly positioned in one of Grey Lynn’s most desirable pockets, just moments from the heart of Ponsonby, this modern freehold investment is supported by a strong and established tenancy mix. Several long-standing tenants have recently renewed, providing excellent income security and growth, with a total net return of
$880,412pa.

The property’s commercial spaces exhibit striking contemporary character -featuring high-stud interiors, polished concrete floors, exposed services, and quality amenities throughout. Each tenancy enjoys abundant natural light, while the
upper levels benefit from expansive views toward the Waitākere Ranges and generous outdoor deck areas.

An on-site residential apartment offers flexibility for owner occupiers or an additional income stream, while 37 leased car parks further enhance the property’s appeal in this high-demand city fringe location.

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