Leased to September 2028, renewal to September 2031
Personal guarantee, net lease, tenant pays all outgoings
173sqm (approximately) modern first-floor office, three car parks
Investors, take note!
Net $47,850pa + GST from an established accounting practice, with a market rent review falling due 1 October 2026, weeks after a typical settlement.
The tenant has been in occupation since 2022 and has already exercised one right of renewal. The current term runs to September 2028, a further renewal extends potential occupancy to September 2031, and a personal guarantee is in place. The lease is net. The tenant meets 100% of outgoings and the body corporate carries insurance, common property and the building envelope. Nothing here for an owner to manage.
173sqm (approximately) of modern first-floor office in a tidy 2000s-built complex, fitted out with reception, partitioned offices, kitchenette and air conditioning. The fit-out is landlord-owned and included in the sale, cutting the cost of any future re-let.
Flat Bush and Botany continue to grow hard, with sustained residential development across Ormiston and East Tamaki Heights supporting local demand for professional services space.
