This stunning Grey Lynn investment property has everything for a new purchaser to get excited about - With secure income from multiple tenants, unrealised future development potential all located at an absolute premium position and location.
Located metres from Ponsonby Road, Woolworths supermarket and the Vinegar Lane development, this precinct has surged forward as one of the most desirable in the city fringe, popular with creatives, office and retail tenants, and new apartment developments.
14-16 Maidstone Street comprises a modern five-level (including basement carparking) commercial investment property in a highly sought-after location. Fully leased to a diverse mix of professional and creative tenants. From this a net passing income of $893,807.00 + GST per annum is generated. With 37 secure car parks and a seismic rating of 100% NBS all the important fundamentals purchasers seek are here.
Investment returns in this location have never looked so good. This represents a true opportunity to acquire a strategic asset in one of New Zealand's hottest locations.
Investment highlights
• Modern freehold standalone investment property on an 895sqm site
• Prime position in sought-after precinct, metres from Ponsonby Road
• 100% occupied to multiple tenants returning $893,807.00 pa + GST
• Zoned Business - Mixed Use with 27m height overlay
More information: https://www.colliers.co.nz/p-NZL67040937
