Colliers New Zealand is pleased to present 632 Great South Road, Ellerslie, for sale by Negotiation.
This four-level freehold asset is fully leased, with an NLA of circa 2,972m² supported by 95 car parks, a very healthy ratio of 1:31m².
The building has an attractive outlook, and multiple access points off both Great South Rd & Kalmia Streets. The overpass to Ellerslie township and the Ellerslie Train station is just a few hundred meters away.
Major occupiers Netlogix and SG Fleet have occupied the building long term, with the latter recently completing a high-quality refurbishment to their office space. SG Fleet enjoy exclusive naming rights to the building, as well as use of the two high exposure billboards facing Great South Rd. The office occupiers are complemented by a small ground floor café. The building has an estimated fully leased net income of approximately $1.241 million plus GST.
The property has been a magnet for long term occupation, evidenced by the existing occupiers having been in the building for between 14 and 20 years respectively.
The current lease profile provides a rare opportunity for an investor to set a new precedent rental for the building through forward leasing, as well as for an owner occupier seeking to control their own commercial property with underwrite terms flexible.
For more information and to arrange a viewing of the property, contact the Sole agents today.
More information: https://www.colliers.co.nz/p-NZL67040529
