The property is now surplus to the vendors’ requirements, with the sale providing an opportunity to reallocate capital.
Positioned within a high-exposure three-unit complex on Cavendish Drive, this split-risk investment comprises approximately 416m² of net lettable area across two tenancies, returning a net passing income of approximately $122,902 p.a. + GST & OPEX.
Both tenancies benefit from fixed 5% rental increases, providing a degree of income certainty and built-in rental growth. The property is well positioned within an established commercial precinct with strong connectivity to State Highway 1 and State Highway 20, Manukau Station, Manukau Supa Centre, Westfield Manukau and the wider civic and commercial amenities.
Zoned Business – Metropolitan Centre, the property benefits from a broad range of permitted commercial and retail uses.
The vendor is motivated to achieve a sale and is seeking genuine market engagement. 2/66 Cavendish Drive represents an opportunity to secure an established income-producing asset in a tightly held Manukau location.
Contact the sole agents to find out more or arrange a viewing:
Will Bason
+64 21 0837 9312
Ryan Gibb
+64 21 826 421
Features:
- Approximately 416m² net lettable area
- Two established commercial tenants
- Business – Metropolitan Centre zoning
- Located in the heart of Manukau City Centre
- Excellent access to key amenities, motorway networks and public transport.
More information: https://www.colliers.co.nz/p-NZL67042417
