An exceptional opportunity to secure a rock-solid investment in one of Auckland’s most tightly held city fringe suburbs. Positioned on a generous 726sqm freehold title with quality improvements, this property is leased to a well-established childcare centre in the residential catchment of One Tree Hill.
Long-term lease is in place with 3.5 years remaining in the current term and a final expiry in November 2053. The investment is returning $89,500 net per annum (plus GST and outgoings) with CPI increases delivering strong income and excellent growth.
Zoned Residential – Mixed Housing Urban, the property also benefits from underlying land value and future development flexibility, making it an attractive option for both passive investors and land-bankers.
Located in One Tree Hill, a high-demand fringe suburb with excellent connectivity and enduring appeal, this is a rare chance to acquire a high-performing asset with strong fundamentals and long-term growth potential.
Please contact us today for more information or to arrange a viewing.
Features:
- Returning $89,500 net p.a. + GST & outgoings
- Long-term lease with final expiry November 2053
- CPI rental increases
- 726sqm freehold title
- Established childcare tenant
- Residential – Mixed Housing Urban zoning
- Premium city fringe location (One Tree Hill)
- Strong land value and future upside
More information: https://www.colliers.co.nz/p-NZL67039251
